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…
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