Harmoney passed cash break even in 1H

Wed, 19 Jan 2022

Harmoney said it broke even on a cash basis in the six months ended December in what it said was "an outstanding half year".The direct-to-consumer lending business, which is funded by wholesale facilities, said its proforma loan book reached $557 million, up 19% on the previous first half, with Australian new customer originations growing to A$71.4m (NZ$75.6m) and surpassing New Zealand new originations of $53.6m.It said its Australian receivables book rose to A$185m, up 83% on the previous first half and up 37% from June 30. The NZ b...

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