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Repcol profit rise defies trend

11 March 2003 12:00am
Debt collector and consolidator Repcol has bucked the trend of disappointing results reported elsewhere in the sector and recorded an increase in profit in the half year to December 2002:

• pre tax profit increased to $2.3 million in the six months to December 2002, up from $959,000 in the seven months to June 2002 (Repcol listed, and reported previously, from November 2001).

• net profit increased to $1.4 million in December from $815,000 in June.

• revenue increased to $9.7 million in December from $5.3 million in June.

Repcol,...

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