Geneva Half Year Profit Guidance
MKTUPDTE
Tue, Oct 31 2023 04:58 pm
Media Release 31 October 2023
Geneva Half Year Profit Guidance
Geneva Finance announces that while the results for the 6 months to September 2023 are not yet finalised it is expected that the Group after tax result will be down on last year between 17.0% - 19.5%.
The pre-tax result is expected to be down between 13.0% and 15.5%, the difference between the after tax and pre-tax relates to temporary tax adjustments.
The continued increased in cost of funds over this period exacerbated the shortfall vs the prior period with cost of funds up $1.4m (+56%) for the period. The September result also include one off relocation costs in moving to our new premises in July 2023.
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Announcement PDF
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