Harmoney Corp Ltd (AU:HMY) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Harmoney Corp Ltd has reported substantial growth with the launch of Stellare 2.0 platform, leading to a 50% increase in new customer originations in Australia for July 2024. The company achieved its fifth consecutive half of loan book growth and positive cash NPAT, with revenue up by 15% to $123 million despite a challenging economic environment with higher market interest rates. The success of Stellare 2.0 has also enabled the retirement of its predecessor, contributing to a one-off $9.5 million impairment expense.
For further insights into AU:HMY stock, check out TipRanks’ Stock Analysis page.