Money3 Corporation’s FY20 Results Out, Delivers Strong Loan Book Growth

Money3 Corporation Limited (ASX:MNY) disclosed its full-year results for the year ended 30 June 2020-

  • The normalised Net Profit after Tax rose by 14.2% to $32.3 million on the statutory result of the previous year, in line with earlier announced guidance.
  • Revenue reported to be A$124.0 million increased by 35.3%.
  • Gross Loan Book increased by 16.4% to $433.8 million

Moreover, the company continued lending through COVID-19 with tightened lending criteria and has ~$65 million capital available to fund growth in FY20.

On 18 August 2020, MNY stock was trading at A$1.850 down by 6.801% at AEST 12:12 PM.

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