Collection House see consolidated NPAT up 18%

Receivables manager Collection House (ASX:CLH) reported today showing consolidated net profit after tax was up 18 per cent to $30.7 million.

Total revenue was $161.1 million up 12 per cent on the previous corresponding period.

Overall, trading conditions for both the Collection Services and PDL segments were challenging due to a rapidly changing regulatory environment and general disruption leading into the federal election.

While there was short term disruption, the Group is well positioned to deliver an improved FY20 result.

Shares in Collection House (ASX:CLH) trading 8.2 per cent higher at $1.19.
 
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Source: Finance News Network