Cash Converters Reports Strong Q3 Growth

Cash Converters International Limited (AU:CCV) has released an update.

Cash Converters International Limited reported a robust Q3 FY2024 with a 19% increase in quarterly revenue to $93.0 million, and a year-to-date revenue jump of 29% to $284.5 million, bolstered by their Australian network and UK franchise acquisitions. The company’s gross loan book grew by 9% to $291.7 million, reflecting strong customer demand for credit, while maintaining a healthy cash position of $54.1 million even after significant investments in franchise growth. Additionally, the firm continues to pay dividends, with the latest being the seventh consecutive half-year payout at 1 cent per share.

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