Business
Mortgage Choice (ASX:MOC) share price tumbles 14% despite profit boost
The Mortgage Choice Ltd (ASX: MOC) share price is falling hard today, down 14% in afternoon trading.
At the time of writing, the Mortgage Choice share price has recovered slightly to $1.42, down 13%.
The mortgage broker services provider’s released their financial results for the half-year ending 31 December (H1 FY21). Interestingly, this fall comes despite the report revealing a boost in profits.
What results did were reported for the half-year?
In this morning’s ASX release, Mortgage Choice reported net profits after tax (NPAT) on an International Financial Reporting Standards (IFRS) basis of $4.1 million. That’s an increase of 3% from the $4.0 million reported in the first half of the 2020 financial year.
Earnings per…
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