Propell Holdings Ltd. (AU:PHL) has released an update.
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Propell Holdings Limited reports an impressive 80% quarterly growth in its loan book to $6.3 million, driven by robust lending originations and broker network expansion. The company has improved its financial position with a 37% increase in customer receipts and a significant reduction in operating costs. These advances, coupled with product enhancements and stable interest rates, have positioned Propell on a clear path to profitability and operational efficiency.
For further insights into AU:PHL stock, check out TipRanks’ Stock Analysis page.