Afterpay held its AGM; Reports 130% Growth in FY19 Customer Base

  • Nov 13, 2019 AEDT
  • Team Kalkine

At Afterpay’s AGM (Annual General Meeting), Chairman highlighted that, FY2019 was a transformational year for Afterpay Touch Group Limited (ASX: APT) as it had its first full year operating in the US and also expanded its operations in UK. The company grew its customer base by 130 percent and active merchant partners by 101 percent.

Business Update:

  • On an average over 15,000 new customers joined the platform per day in October, representing the largest customer acquisition month on record;
  • The underlying sales increased by 110% on pcp to $2.7 billion in four months to October.

At AEST 01:09PM, the stock was trading at $29.190 per share, no change from its previous close.

 

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