Money3 Corporation Reports Double Digit Growth in Revenues

Money3 Corporation Ltd (ASX: MNY) has posted a strong 1HFY20 result on the back of record growth in loan originations and cash collections. Australian operations revenue grew by 28.8% (on pcp) to $52.1 million supported by a 23.1% growth in cash collections to $114.3 million (on pcp).

  • The company reported 55.0% increase in revenue to $62.7 million;
  • EBITDA increased by 36.9% to $30.5 million;
  • The company declared a fully franked 5 cents interim dividend payable on 20 April 2020.

At AEST 12:50PM the stock was trading at $2.850 per share, up by 5.166% from its previous close.

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