MyState (ASX:MYS) share price falls despite ‘outstanding first half’

MyState Limited (ASX: MYS) shares are falling lower in today’s session after the company released its report for the first half of FY21. At the time of writing, the MyState share price has slumped 1.93% to $5.07.

What’s impacting the MyState share price?

Investors are driving down the MyState share price after the fintech released its latest half-year results this morning.

A key highlight from the company’s report was an 8.4% increase in revenue of $63.3 million. In addition, MyState saw net profit after tax (NPAT) soar 12.6% to $17.0 million for the period.

The company also recorded an 18.8% growth in core earnings of $26.4 million. It noted that the result was driven by above-system lending growth and improvements in the…