Monday 30th November 2020 |
Text too small? |
Trading Performance
The group reported a pre-tax profit of $3.3m, 44% up on last year. Profit after tax, attributable to the Geneva Group shareholders, totaled $3.0m up 108% on last year. The pre-tax profit improvement was led by Quest insurance (Up $0.9m, 126%) and the invoice finance operation (GCL up $0.3m, 96%). In addition, each of the trading operations continued to build on the business improvements initiated last year, with all positioned to deliver profit improvements in the second half of this financial year.
Highlights/ Key Events
• Lending volumes from May20 - Sept 20 (excluding Apr lockdown) were 21% up on last year.
• Quest premium Sales continue to grow and increased by 31% to $8.7m
• The operational changes made in the second half of Mar 20 year and since, have resulted in each of the loss-making operations turning around to near breakeven and now moving into profit.
• Group Revenue grew by 8% to $16m.
• Total group assets increased by 7% to $132m.
Dividend
The board have resolved to declare an interim dividend of 1.25 cents per share. The ex dividend date is 10 December 20, and the dividend will be paid to shareholders on 15 December 20.
See the links below for more details:
NZX Results announcement - September 2020
Commentary profit announcement - Sep 20
Dividend Distribution Notice Rule 3.14.1
Source: Geneva Finance Limited
No comments yet
EROAD strengthening focus on ANZ opportunities
Devon Funds Morning Note - 16 October 2025
October 17th Morning Report
PGG Wrightson - Governance Update
CDC confirms new AI data centre contract
MCY - Quarterly Operational Update
Devon Funds Morning Note - 14 October 2025
October 15th Morning Report
Scott Secures $44M Appliance Contracts Across Americas
October 14th Morning Report