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23/02/2010

Pawn shop franchise operator and payday lender Cash Converters yesterday reported strong growth in revenue of $59.3 million for the six months to December, up 33 per cent on the previous corresponding period.

Cash Converters has entered into a deal with Green Light Auto Group, a car dealer, and will sell second-hand vehicles, along with motor finance and maintenance contracts. Finance operations include Safrock Finance, which provides small unsecured loans, and MON-E, a loan administration platform.

Source: Banking Day



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