Collection House can see light at the end of the tunnel

?The first six months were very poor, the last six months was a decided improvement?, said Collection House CEO and managing director Tony Aveling. ?This is the first step in the turnaround?.Net profit after tax was down 37 per cent to $3.8 million for financial year 2007, but new forward flow contracts already in place to purchase debt in the next year will allow Collection House to get back on track.Aveling summed it up by identifying the key driver for revenue growth as debt purchases, which as obvious as it seems, has been the problem.. Thu Aug 2007 10:08 (1 year, 4 months ago)
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