Annual General Meeting MD's Presentation
Sydney, Nov 19, 2014 AEST (ABN Newswire) - Cash Converters International Ltd (
ASX:CCV) (CKKIF:OTCMKTS) Annual General Meeting MD's Presentation.
The outlook and summary includes:
First quarter revenue up 26.2% and normalised EBITDA up 61% on previous corresponding quarter
Continuation of the upward trend in loan volumes which commenced in December 2013 following the transition to the new regulatory regime, with strong growth in loan advances for the Personal Loan product and the Cash Advance product over the first four months to October of this financial year
Expect momentum for loan product growth to continue into the historically strong Christmas period
Still experiencing strong growth from the online channel for loan products
Corporate Store network continuing to perform well with first quarter EBITDA contribution up 148% on the previous corresponding quarter
Potential acquisition opportunities available from within the Australian network
To view the complete presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-CCV-700249.pdf
About Cash Converters International Ltd
Cash Converters International (ASX:CCV) is a franchised retail network listed on the ASX. It specialises in the sale of second-hand goods. The Cash Converters group employs modern retailing practices, professional management techniques and high ethical standards to the management of its stores throughout the chain which appeal to a wide cross section of the community. As a result, Cash Converters has been able to position its outlets as credible retail merchandise stores, resulting in a profitable market for the group.
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