Pepper Money Ltd (AU:PPM) has released an update.
Pepper Money Ltd reported a first-half 2024 Net Profit After Tax of $46.1 million, a 13% increase in profit pre-provision, and a rise in total assets under management to $19.3 billion, despite a challenging market landscape. The firm also declared a higher interim dividend of 5.0 cents per share and completed key acquisitions and funding initiatives, positioning itself well for future growth. Innovations like the new Sharia mortgage lending and a strong focus on high-yielding products have contributed to an 11 basis points improvement in the Net Interest Margin.
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