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MONEYME gets ahead on profitability; Delivers >$8m NPAT and record revenue for 1H23

SYDNEY, Jan. 31, 2023 /PRNewswire/ Digital lender and non-bank challenger MONEYME (ASX:MME) has returned to statutory profits ahead of target, delivering a record >$8m in net profit after tax (NPAT) and record revenue of >$117m for the first half of FY23 (up >143% pcp) beating analysts' expectations. MONEYME CEO & Managing Director Clayton Howes Gaining momentum, MONEYME reported greater than $60 million in gross revenue for the quarter in its 2Q23 trading update, reflecting year-on-year revenue growth of more than 140 percent. The strong revenue flows are expected to continue as the full benefit of 4x'ing the loan book in FY22 is realised. As a result, MONEYME has increased its full-year gross revenue target from >$200m to >$220m. MONEYME announced its shift in focus to statutory profits at the beginning of FY23, following two consecutive years of high growth and statutory losses in FY21 and FY22. The return to a positive NPAT result in 1H23 was accelerate ....

New South Wales , Clayton Howes , Jan 31 , 023 Prnewswire Digital Lender And Non Bank Challenger Moneyme Asx Mme Has Returned To Statutory Profits Ahead Of Target , Eliveringa Record Gt 8m In Net Profit After Tax Npat And Revenue Of 117m For The First Half Fy23 Up 143 Pcp Beating Analysts 39 Expectations Moneyme Ceo Amp Managing Director Clayton Howes Gaining Momentum , Oneyme Reported Greater Than 60 Million In Gross Revenue For The Quarter Its 2q23 Trading Update , Eflecting Year On Revenue Growth Of More Than 140 Percent The Strong Flows Are Expected To Continue As Full Benefit 4x 39 Ing Loan Book In Fy22 Is Realised Asa Result , Oneyme Has Increased Its Full Year Gross Revenue Target From Gt 200m To 220m Moneyme Announced Shift In Focus Statutory Profits At The Beginning Of Fy23 , Ollowing Two Consecutive Years Of High Growth And Statutory Losses In Fy21 Fy22 The Return Toa Positive Npat Result 1h23 Was Accelerated Bya Swift Execution Moneyme 39s Strategy To Moderate , Aintain Its Margins Ina Rising Interest Rate Environment , Nd Deliver Cost Synergies From The Societyone Acquisition Core Operating Expenses To Loan Book Reduced Less Than 3 In Second Quarter Down 11 2q22 , Nd 5 In 1q23 The Improvement Cost Efficiency Is Driven By Economies Of Scale From High Organic And Inorganic Growth Fy22 Realisation Substantial Synergies Migrating Societyone 39s Technology Onto Moneyme Proprietary Platform , Orizon While Moneyme 39s Loan Book Has Remained Relatively Steady In Line With Its Moderated Growth Strategy , Itting At 1 24 Billion The End Of First Half , He Credit Profile Of The Book Has Continued To Improve Group 39s Focus On Managing Risk And Originating Higher Quality Assets Increased Average Equifax Score 714 At End First Half , P From 704 At The End Of Fy22 And 672 In 1h22 Moneyme 39s Blockbuster Car Finance Product , Utopay Continues To Drivea Shift Secured Assets Asa Percentage Of The Book Increased 41 Percent At End First Half , P From 38 Percent At The End Of Fy22 Clayton Howes , Eo Amp Managing Director Of Moneyme Said Quot We Are Pleased To Announce Statutory Profits And Record Revenue In The First Half , Eating Analyst Expectations Building From Strong Results In The First Quarter , He Momentum Continued Into The Second Quarter And Has Seen Us Upgrading Our Outlook On Revenue Profit For Full Year Return To Statutory Profitability Aftera Prolonged Period Of High Growth Is Not Onlya Result Ofa Shift In Near Term Business Strategy Response Macro Environment , T Is Alsoa Continuation Of Our Commitment To Drive Profitable Growth Anda Testament The Quality And Proficiency Team We Are Proud Agility Adaptability That Moneyme Has Demonstrated In Navigating Rising Interest Rates Ready Take Advantage Market Opportunity Car Financing Potential Tailwinds From Changing Bnpl Regulation With Societyone Successfully Integrated Into Business , E Are Looking Forward To Solidifying Our Position Asa Leading Non Bank Challenger It Is Also Pleasing Note The Business Progressing This Agenda Alongside Delivery Of Strong Esg Outcomes Thati Expect Be Reflected Inb Corp Certification In Due Course Quot About Moneyme Isa Australian Disruptor Using Technology Become 1 Major Banks Witha Focus On Innovation , T Funds Credit Approved Ambitious People With The Advantage Of Market Leading Speed And Automated Customer Experiences Leveraging Ai Advanced Cloud Based Technology , T Offers Highly Automated Credit Products Across Personal , Uto And Real Estate Finance The Group 39s Core Brands Moneyme Societyone Reflect Digital First Experiences That Meet ,

Petrol, diesel prices, Jan 31: Check rates in Mumbai, Delhi, Chennai and other cities

Petrol, diesel prices, Jan 31: Check rates in Mumbai, Delhi, Chennai and other cities ....

India General , West Bengal , Tamil Nadu , Nirmala Sitharaman , Indian Oil , Bharat Petroleum Corporation Ltd , Indian Oil Corporation Ltd , Hindustan Petroleum Corporation Ltd , Value Added Tax , Indian Oil Corporation , Hindustan Petroleum Corporation , Finance Minister Nirmala Sitharaman , Jan 31 , Check Rates , Indian Oil Corporation Ltd ,

UOB raises $2.4 million for charity with 1,500 clients, through the Bank's annual Lunar New Year Celebrations

SINGAPORE, Jan. 31, 2023 /PRNewswire/ UOB has partnered with some 1,500 clients to raise $2.4 million for charity as part of its Commercial Banking's annual Lunar New Year festive celebrations. The funds, raised through a series of art workshops and a fundraising gala dinner with clients, will be donated to various charities to support the arts, children, as well as educational causes. These include The Business Times Budding Artists Fund, The Straits Times School Pocket Money Fund and Central Singapore CDC (UOB My Digital Bootcamp). The proceeds will also go towards assisting local small and medium-sized enterprises in their innovation efforts under the UOB-Singapore Management University Asian Enterprise Institute. Mr Wee Ee Cheong, Deputy Chairman and Chief Executive Officer, UOB, said, "Our fundraising activities bring businesses together for the greater good to support children, artists and budding entrepreneurs. We hope this annual tradition that combines art, philanth ....

Republic Of , United States , Karina Delicia Simon , Asia Pacific , Neo Kah Kiat , Fitch Ratings , Business Times Budding Artists Fund , Uob Singapore Management University Asian Enterprise Institute , Moody Investors Service , Neo Group , Straits Times School Pocket Money Fund , Commercial Banking , Lunar New Year , Central Singapore , Digital Bootcamp , Singapore Management University Asian Enterprise , Wee Ee Cheong , Deputy Chairman , Chief Executive Officer , Karina Delicia , Kelvin Lim , Executive Chairman , Group Managing Director , Neo Group Limited , Investors Service , Jan 31 ,

Leading Crypto Exchange BingX Wins TradingView Best Broker Award for the Second Year Running

SINGAPORE, Jan. 31, 2023 /PRNewswire/ BingX, one of the leading crypto exchanges, has been named Best Crypto Broker/Exchange for the second consecutive year inTradingView's Broker Awardsfor 2022. This award is decided based on feedback and reviews from TradingView users, plus TradingView's own technology information such as engagement, platform uptime, and more. Leading Crypto Exchange BingX Wins TradingView Best Broker Award for the Second Year Running TradingView is a renowned market analysis platform providing advanced financial visualization tools and granular market data to traders in all types of markets across the globe. It is a charting platform and social network used by more than 30 million traders and investors worldwide every month to spot opportunities across the markets. BingX's excellent performance for the past year was recognised with this great award from Tradingview. BingX witnessed a steady growth of 280% in year-on-year trading volume and its user bas ....

Elvisco Carrington , Prnewswire Bing , Crypto Exchange Broker , Crypto Broker Exchange , Best Crypto , Broker Awards , Second Year , Signal Trading , Copy Trade Subsidy Vouchers , Futures Grid Trading , Infinity Grid , Communications Director , Jan 31 , 023 Prnewswire Bingx , Ne Of The Leading Crypto Exchanges , As Been Named Best Crypto Broker Exchange For The Second Consecutive Year Intradingview 39s Awardsfor 2022 This Award Is Decided Based On Feedback And Reviews From Tradingview Users , Lus Tradingview 39s Own Technology Information Such As Engagement , Latform Uptime , Nd More Leading Crypto Exchange Bingx Wins Tradingview Best Broker Award For The Second Year Running Isa Renowned Market Analysis Platform Providing Advanced Financial Visualization Tools And Granular Data To Traders In All Types Of Markets Across Globe It Charting Social Network Used By Than 30 Million Investors Worldwide Every Month Spot Opportunities 39s Excellent Performance Past Was Recognised With This Great From Witnesseda Steady Growth 280 On Trading Volume Its User Base Has Grown Over 350 2022 , Ith Expanded Support In 7 More Languages Portuguese , Nd Italian As The Pioneer In Social Trading And Copy , Ingx Amassed More Than 8 , 000 Professional Traders With Around 4 Million Followers And Executed 130 Copy Trading Orders In 2022 , Ingx Achieved Key Milestones In Both Product Functions And Asset Security , Nd Gained More Reputation In The Global Tradingview Community Bingx Keeps Leading Cutting Edge Crypto Innovation And Providing Better Service To Both Professional New Tradersa Variety Of First Ever Products Were Launched By , Ncluding But Not Limited To Signal Trading ,

Harvard's Glass Flowers visit Camden for virtual tour, Jan. 31

For those who wait in winter for the colors of spring, a welcome reprieve is around the corner. The world-famous Ware Collection of Blaschka Glass Models of Plants, known as “Glass Flowers,” from the Harvard Museum of Natural History is visiting. ....

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