Business
Why the Cash Converters (ASX:CCV) share price slid lower today
The Cash Converters International Ltd (ASX: CCV) share price ended the day down 1.8% at 28 cents.
We take a look at Cash Converters’ financial results for the half-year ending 31 December (H1 FY21) below. In particular, what these figures mean for the Cash Converter share price.
What results did Cash Converters report for H1 FY21?
Today, Cash Converters reported a 31% decline in revenue, to $98.4 million from $142.7 million in H1 FY20.
Statutory net profit after taxes (NPAT) came in at $7.7 million. Which was up from a $19.4 million statutory NPAT loss in the prior corresponding period (pcp).
Operating NPAT declined 28% year-on-year. Cash Converters said its operating results “are presented net of the significant expense…
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