Reporting Season - 5 August
Companies covered: Credit Corp (CCP), TPG Telecom (TPG) & Telix Pharmaceutical (TLX)
Stocks discussed:
- Credit Corp (ASX: CCP): FY profit +16% driven by strong earnings growth in its consumer lending business and earnings from its US debt buying segment. Looking ahead, the company says while market conditions remain uncertain, collection performance has held steady over the past 18 months.
- TPG Telecom (ASX: TPG): to return up to $3B to shareholders from the proceeds of the sale of its fibre and wholesale business to Vocus Group. The group is targeting a 2025 dividend of 18 c/share with a plan to increase dividend payouts in the coming years.
- Telix Pharmaceutical (ASX: TLX): warns of higher operating expenses in the first half, as its US operations have expanded significantly following a number of acquisitions, leading to operating expenses of around 36% of revenue in the period.