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MENAFN - ProactiveInvestors - Australia - 27/11/2012

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(MENAFN - ProactiveInvestors - Australia) Cash Converters (ASX: CCV) has been placed in pre-open by the ASX today following the company being granted a trading halt, pending capital raising details.

Cash Converters reported a growth in revenue of 25% to 234.3 million and a record profit result of 29.4 million for the 2012 financial year, an increase of 6.2% over the previous corresponding period - which was the seventh consecutive annual record profit.

The company did say at the AGM mid-month that there are a number of store acquisitions available in Australia, in addition to planned "greenfield" locations.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Thursday 29th November.

 






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