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Harmoney Corp Ltd ( (AU:HMY) ) just unveiled an update.
Harmoney Corp Ltd has reported strong financial results for the first half of FY25, with a Cash Net Profit After Tax (NPAT) of $2.3 million, marking a 350% increase compared to the previous period. The company’s strategic rollout of Stellare® 2.0 in Australia has significantly boosted loan originations by 43%, contributing to a 4% growth in the overall loan book to $783 million. The company anticipates further growth with plans to introduce Stellare® 2.0 in New Zealand and expects improved economic conditions to enhance market demand. Harmoney’s financial health is underscored by a robust loan book, improved net interest margins, and a strong capital position, positioning it for continued success in the coming years.
More about Harmoney Corp Ltd
Harmoney Corp Ltd is a financial services company primarily operating in the consumer lending industry. It offers personal loans and financial services, focusing on enhancing customer experience and loan origination through its advanced platform, Stellare® 2.0, which is key to its growth strategy in Australia and New Zealand.
YTD Price Performance: 46.67%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €31.61M
For a thorough assessment of HMY stock, go to TipRanks’ Stock Analysis page.
