Business
ASX rises back above 7000 to new post-pandemic high – The Sydney Morning Herald
The ASX200 added 0.7% to climb above 7000 as tech stocks, gold miners, and BNPL players rose. Bitcoin set a new record high of $US64,045.
Cash Converters grew its loan book by 8 per cent in the three months to the end of March, and is hopeful its move towards mid-sized payday loans will help earnings stay sustainable into 2022 and beyond.
The retail pawnbroker on Wednesday said its gross loan book had expanded to $163.1 million in the March quarter, with its bad debt performance also improving.
Cash Converters says its gross loan book grew by 8% during the March quarter. Credit:Brendon Thorne
This was evidenced by lower bad debt expense,…
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