Business
Here’s why the Money3 (ASX:MNY) share price is on the rise today
The Money3 Corp Ltd (ASX: MNY) share price is on the rise today, up 4% in morning trade. Shares are gaining today following the release of Money3’s results for the first half of the 2021 financial year (H1 FY21). At the time of writing, the Money3 share price is trading at $2.94, up 2.5%.
What results did Money3 report for H1 FY21?
In this morning’s release, the financial services company reported it had achieved record results for the half-year and is turning its focus to growth.
Earnings before income, tax, depreciation, and amortisation (EBITDA) came in at $40.5 million. That’s up 32.8% from H1 FY20.
Net profit after tax (NPAT) also posted strong growth, up 26.8% to $19.9 million.
Money3’s revenue for the half-year…
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