Pepper resumes pre-settlement checks as lockdowns bite
James FrostFinancial services writer
Key Points
- Net interest income ($m) 176.2, up 1.9pc from year-earlier 172.9
- Operating income ($m) 177.2 compared with year-ago 142.4
- Net profit ($m) 238.2 compared with year-ago -31.4
- No dividend
Pepper Group is making additional inquiries about the circumstances of borrowers and has forecast a slight uptick in the number of borrowers unable to make repayments on time following the extension of lockdowns in Sydney and Melbourne.
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James Frost writes about banking, funds management and superannuation. Based in Melbourne, James has been reporting on specialist business and finance topics for 15 years. Connect with James on Twitter. Email James at james.frost@afr.com
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