Liberty Financial (ASX:LFG) share price closes higher. Here’s why

The Liberty Financial Group Pty Ltd (ASX: LFG) share price finished off 1.23% up at $8.20 a share today after the non-bank lender released its half-year results.

Liberty Group is a diversified finance company that held its initial public offering (IPO) debut on the ASX in December 2020. Its businesses include residential and commercial mortgages, motor vehicle finance, personal loans, business loans, broking services, general insurance and investments.

Here’s what we learned from the company’s financial results for the period ended 31 December 2020 (HY21).

Liberty Financial share price pops after strong results

Liberty Financial reported an HY21 statutory net profit after tax (NPAT) of $83 million compared to its HY20 NPAT of…