Australia's Credit Corp soars on upbeat FY25 forecast

Credit

30/07/2024 02:46

** Shares of Credit Corp Group  CCP.AX  rise 8% to A$16.41,
set for their best day since Feb. 1, if gains hold
    ** Financial services provider forecasts FY25 underlying net
PAT between A$90 mln ($58.9 mln) and A$100 mln, from A$81.2 mln
in FY24
    ** Says it will pay a final dividend of 23 Australian cents
per share for FY24
    ** More than 430,000 shares traded, compared to 30-day avg
of 177,850
        ** Average rating of seven brokerages is a 'buy;' median
PT is A$19.05 - LSEG data
  
    ** CCP stock down 6.2% YTD, as of last close


($1 = 1.5277 Australian dollars)

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))