Specialist equipment provider RER Group, formerly Repcol, has reported a 54 per cent surge in underlying earnings for the half-year ending December 2009.
Former PCH Group Ltd managing director Jamie Cullen has agreed to join the board of Repcol Ltd and invest $666,300 into the restructured and downsized debt collection company.
Debt collection company Repcol Limited, which has recently emerged from a protracted restructuring and downsizing of its business, has won a new government contract in Western Australia.
Debt collection business Repcol (WA) Pty Ltd has secured its first major contract, under the state government's common use arrangement for debt collection services, with the Department of Housing and Works.
Subiaco-based debt collection agency Repcol Ltd has appointed company secretary George Wilson as its managing director ahead of Monday's general meeting, in which the company plans to sell its major assets.
Peter Di Prinzio, the founder of Subiaco-based debt collection agency Repcol Ltd, has resigned from the board ahead of a shareholder vote to sell the main assets of the troubled company to US-based Cargill Inc for under $5 million.
Subiaco-based debt collection agency Repcol Ltd has confirmed it will continue discussions on restructuring proposals with Cargill Financial Services, which will fund the operating costs of Repcol's Indian operations until August 31.
Subiaco-based debt collection agency Repcol Ltd has won shareholder approval for a subsidiary of Sydney-based Credit Corp Group Ltd to acquire one of its senior debt facilities.
Subiaco-based debt collection agency Repcol Ltd has signed an agreement with Credit Corp Group Ltd which will see the Sydney company become its major secured creditor.
Subiaco-based debt collection agency Repcol Ltd has suspended trade in its shares ahead of an audit, which the company believes will result in a loss significantly higher than the $7 million to $9 million predicted in November last year.
Subiaco-based debt collectors Repcol Limited announced a net profit after tax of $9.7 million for year ended 30 June 2006, a period which inccluded the acquisition of its debt purchasing associate Javelin SPV1 Pty Ltd.
The latest financial results from Perth-based debt collection company Repcol have highlighted the dramatic impact of new accounting standards on reported profits.
Repcol Ltd 19-Oct-05 Transpacific has entered into a three-year contract to acquire inventory debt and 90% of charged off forward flow debt from GE Money.
Western Australian listed debt recovery company Repcol has entered into a contract with a major credit provider to buy about 50 per cent of their future written-off consumer debts
