FE Investments Reports Half-Yearly Financial Report

  • Dec 07, 2019 AEDT
  • Team Kalkine

FE Investments  Group Limited (ASX: FEI)  announced its half-yearly results for the period ended 30 September 2019:

  • Total Group Income of the company has been decreased by 18 per cent to NZ$6.4 million compared to the previous year corresponding period (PCP).
  • The company has reported net loss of NZ$0.63 million, down by 53 per cent from PCP.
  • FEI has improved over leasing margin by 22 per cent and increased its lending over niche market.
  • The Lending book has Increased to NZ$66 million, a 12 per cent increase on year-on-year.
  • Cash and cash equivalent of the company stood at NZ$15.4 million.
  • The company’s total liabilities were NZ$68.0 million.

 

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