Revenue ($m) 52.2, down 27pc from year-earlier 71.5
Pretax profit ($m) -2.2 v 1.1
Net profit ($m) -3.2 v 0.6
No interim dividend
Small business lender Prospa has “concluded” its loan deferral program due to the improving economic and trading conditions in the wake of the COVID-19 crisis.
The ASX-listed company on Thursday said demand for its small business loans was nearing pre-pandemic levels, as it revealed a sharp drop in revenue and an interim loss.
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Michael Roddan is a Walkley Award-winning national correspondent based in Sydney. He is a former business and economics reporter for The Australian. Connect with Michael on Twitter. Email Michael at m.roddan@afr.com
