Business
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…
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