Cash Converters International Limited announced the release of the fiscal year 2018 results coincides with the decision of the Chief Executive Officer, Mr. Mark Reid, to leave the Company. With this resignation effective 27th August 2018, Sam Budiselik, Chief Operating Officer, will assume the role of interim CEO, in conjunction with the Chairman taking an active role in the business, whilst the Board conduct an executive search for a replacement for Mr. Reid.

The company announced audited consolidated earnings results for the second half and financial year ended June 30, 2018. For the year, the company has reported a net profit after tax (NPAT) of $22.5 million for the financial year ended 30 June 2018, an increase on the prior year of 9.1%. The strength of the company's full year result reflects a stronger than anticipated second half of fiscal year 2018, successfully delivered in a difficult industry environment. EBITDA was $49.8 million up 8.9% on previous corresponding period. Revenues from ordinary activities $260,345,000 against $271,241,000 a year ago. Net profit for the period attributable to members $22,503,000 against $20,618,000 a year ago.

For the second half, it reported NPAT result of $13.1 million.