MONEYME (ASX:MME) posts half-yearly profit while holding off takeover bid

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Team MONEYME|26 February 2021| 1 min read

MONEYME (MME) is up on the ASX this morning after revealing record loan originations over a profitable first half of the 2021 financial year.

The digital loan specialist said in its latest half-yearly financial report originations for the six months to the end of December 2020 came in at $114 million —21 per cent higher than the $95 million over the first half of the 2020 financial year.

This was driven by sturdy quarter-on-quarter growth, with December quarter originations up 52 per cent on the quarter before. MONEYME said this growth is ongoing, with the current run rate for March 2021 quarter originations at $90 million.

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