MoneyMe Ltd. (AU:MME) has released an update.
MoneyMe Ltd. has reported a positive financial year with a 23% increase in loan originations, reaching $574m, and a 6% growth in their loan book to $1.2bn. Revenue stands at $214m despite a 10% decrease, with net interest margin at a healthy 10%. The company has also improved operational efficiencies and credit quality, with a notable upgrade in the average Equifax score to 763 and a reduction in net credit losses to 4.5%.
For further insights into AU:MME stock, check out TipRanks’ Stock Analysis page.
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