Business
The SelfWealth (ASX:SWF) share price drops 8% despite revenue leap
The SelfWealth Ltd (ASX: SWF) share price is falling today, down 8% at 69 cents in morning trade.
This comes after the release of the online brokerage company’s half-year financial results (H1 FY21).
What results did SelfWealth report today?
In this morning’s ASX release, SelfWealth reported a 278% increase in total revenue for the half-year. Total revenue of $8.43 million was up from $2.23 million in the previous corresponding half year.
Earnings before income, taxes, depreciation and amortisation (EBITDA) came in at a loss of $372,000, a big improvement from the $1.44 million EBITDA loss in H1 FY20.
The company’s cost of operations soared from $1.45 million in the corresponding half year to $5.25 million in this…
-
General22 hours agoOsborne Park Football Club suspended for two years after Stephen Hawking costume controversy
-
General23 hours agoMelbourne Cup five quick hits: Melham magic, Blake Shinn falls, and concern over blood from Half Yours’s mouth
-
General20 hours agoAustralia warned of assassination attempts by regimes
-
Business23 hours ago5 super ASX ETFs to buy with $10,000