Cash Converters International Ltd (ASX:CCV) (LON:CCVU) (OTCMKTS:CKKIF) are pleased to provide the Company's latest Investor Presentation regarding the full year results ending June 2016. FY16 Highlights
- Strategy reset and restructuring to build on company strengths
- Underlying profit growth
- Diverse revenue streams provide resilience
- High brand recognition and customer satisfaction
FY16 Financial Results Overview
- Underlying EBITDA profit up 10.2 per cent to $69.1 million
- Revenue higher at $379.3 million ( FY15: $374.3 million)
- Net loss after tax $11.1 million ( FY15: $21.4 million)
- Channel mix reduces impact of business volatility and regulatory change
- Dividend of one cent per share fully franked
- Core Australia operations produced $72.3 million underlying EBITDA profit
- Ongoing United Kingdom improvements show positive bottom line impacts
- Impressive online channel growth
FY16 Strategy Overview
Our strategy is to maximise the value of our brand and franchise network through a focus on high return businesses
- Invest for sustainable market leadership and profitable growth in Australia
- Operate in the United Kingdom as a profitable master franchise
- Build brand presence in New Zealand
- Close Carboodle and build a specialist vehicle finance company
- Continue international master franchise operations
To view the Presentation, please visit:
http://abnnewswire.net/lnk/S7593903
Ralph Groom Company Secretary Cash Converters International Ltd T: +61-8-9221-9111 WWW: www.cashconverters.com
