Hipster
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Joined: 15-Oct-02
Location: United Kingdom
Posts: 830
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| Posted: 28-Sep-07 at 08:10 | IP Logged
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07:01 Cash Converters Int. - Final Results RNS
This news article is displayed preformatted as it may contain results tables
RNS Number:6957E
Cash Converters International Ld
28 September 2007
Chairman and Managing Director's Review
This year has been the most successful in the Company's history, with a record
net profit of $11,557,840. This is up over 174% on the previous year.
This excellent result has allowed the Directors to declare a final dividend of
1.5 cents fully franked, making a total dividend payment for the year of 3.0
cents, fully franked and representing a payout ratio of 56.7%.
This outstanding result confirms our view that the acquisitions of the highly
complementary businesses of Safrock and MON-E would be company transforming.
These acquisitions have cemented the Company's transformation into one of the
largest and most well known alternative financial services companies in
Australia. It sets a solid platform for the Company to continue to grow and
dominate this fragmented market sector.
When considering this year's result, it is important to note that these
acquisitions were only effective from 1 October 2006 and therefore the result
reflects only nine months of consolidated results.
Divisional profits before tax &nb sp; &nb sp; &nb sp; &nb sp; 30 June 2006 30 June 2007
$ ; $
Franchise division
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