Appendix 4D and Financial Report 31 December 2015
Sydney, Feb 29, 2016 AEST (ABN Newswire) - Cash Converters International Ltd's (
ASX:CCV) Australian business continued to perform well in the six month period ended 31 December 2015 with normalised, underlying EBITDA up 11.0% to $38.3 million and we expect to see further growth in the remainder of FY 2016.
In commenting on the outlook for the Company and its industry sector, Peter Cumins said: "We will now focus on markets where we already have a strong position, good growth prospects and relatively predictable operating and regulatory environments. In Australia we believe we can use our market and brand leadership to not only improve our financial performance, but also assist in the necessary reshaping of short-term lending into a reputable and credible segment within the overall financial services sector.
To view the full Half Year Report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-CCV-754442.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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