Pioneer Credit Limited Reports Audited Consolidated Earnings Results for the Year Ended June 30, 2016; Provides Financial Guidance for the Year 2017
August 19, 2016 at 02:26 am EDT
Pioneer Credit Limited reported audited consolidated earnings results for the year ended June 30, 2016. For the period, the company's revenue from operations was AUD 47,809,000 against AUD 38,697,000 a year ago. Profit before income tax was AUD 13,727,000 against AUD 10,712,000 a year ago. Profit from continuing operations was AUD 9,450,000 against AUD 7,441,000 a year ago. Total comprehensive income for the year is attributable to owners of Pioneer Credit Limited was AUD 9,450,000 against AUD 7,441,000 a year ago. Basic and diluted earnings per share were AUD 20.08 against AUD 16.40 a year ago. Net cash inflow from operating activities was AUD 24,631,000 against AUD 28,176,000 a year ago. Payments for property, plant and equipment was AUD 412,000 against AUD 1,599,000 a year ago. Payments for intangible assets was AUD 345,000 against AUD 345,000 a year ago.
For the year 2017, the company expects portfolio investments to be at least AUD 50 million and profit after taxation at least AUD 10.5 million.