Credit Clear reports revenue boost to $60M

• Credit Clear posted a 28% increase in full-year revenue to $60 million.
• The company's earnings beat previous management expectations for the full financial period.
• Acquisitions in Europe and strong domestic trading drove the business expansion.

Credit Clear (ASX:CCR) reported a 28% revenue increase to $60 million for the financial year ended June 30.

The top-line total surpassed the previously issued company guidance range of $59 million.

The company attributed these financial outcomes to organic expansion alongside initial contributions from its recent European acquisitions.

Underlying EBITDA rose 41% to $9.5 million to $10.5 million range.

Following the announcement, the Credit Clear share price was unchanged at $0.13.

Management noted that recent entry into the UK market establishes a key operational base for future international operations.

Audited financial results and an investor presentation are scheduled for release on Aug. 27.