Link (ASX:LNK) share price rises despite earnings fall

Link Administration Holdings Ltd (ASX: LNK) shares are on the rise today after the company released its FY2021 half-year (1H21) results this morning. At the time of writing, the Link share price has edged 2.11% higher to $4.83.

Let’s take a look at what the financial services business reported.

Link earnings update

The Link share price is edging higher in morning trade despite the company reporting 1H21 revenue of $597 million. This compares to $624 million in revenue for the prior corresponding period (pcp).

Operating earnings before interest, tax, depreciation and amortisation (EBITDA) dropped to $137 million in 1H21 compared to $163 million in the pcp.

Link posted a statutory net profit after tax (NPAT) of $31 million…