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

1 min read | August 18, 2020 12:31 PM AEST | By Team Kalkine Media

Google News:

Recent News

ASX Mining Stocks Face New Portfolio Discipline Test

Inside The ASX Metal & Mining Stocks Reset As copper and critical mine...

Lithium Stocks 2026: The Mine Ramp Reality Screen ASX Readers Are Watc...

Lithium Stocks Reset as Downstream Strategy Takes Focus

Make Kalkine Media
My Trusted Source

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.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.