Geneva Financial Services has announced their half-year results with a pre-tax profit of $3.4 million, a 15% decrease on the prior year due to Covid interruptions and rising interest rates.
The Group's core businesses of Motor Vehicle and personal loans together with Insurances related to these activities remain, but profits were affected by higher claims costs and rising living costs.
Despite the challenges, total Group assets increased to $160 million and cash on hand increased to $39 million.
The board is determined to address the challenges and take advantage of the opportunities in the coming period.
See more
