bullish
Cash Converters International - Growth and value
SUMMARY
- RaaS has published an update report on consumer finance group Cash Converters International (ASX:CCV) following the release of its FY24 results which saw 26% growth in revenue on the pcp and EBITDA growth of 21% in line with our forecasts.
- The gross loan book grew 6% to $288m, which we find impressive as the business transitions away from SACC products due to regulatory change.
- This was more than offset by growth in other products, domestically and internationally.
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