Cash Converters in record profit

Payday loans and pawn broking specialist Cash Converters yesterday unveiled a record net profit of $27.6m (£16.7m) for the year to the end of June – 27.5 per cent up on last year. Revenues rose by 47.6 per cent to $186.1m and earnings before interest, tax, depreciation and amortisation increased by 28.6 per cent to $43.6m.