DGAP-News
MyBucks S.A.: MyBucks releases primary figures for financial year ended 30 June 2016
DGAP-News: MyBucks S.A. / Key word(s): Results Forecast
MyBucks S.A.: MyBucks releases primary figures for financial year ended 30
June 2016
27.12.2016 / 07:50
The issuer is solely responsible for the content of this announcement.
MyBucks S.A.: MyBucks releases primary figures for financial year ended 30
June 2016
27.12.2016 / 07:50
The issuer is solely responsible for the content of this announcement.
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Media Release:
MyBucks releases primary figures for financial year ended 30 June 2016.
- Annual results show an adjusted profit before taxes and one-off charges
of EUR 3 million.
- Management expects very strong growth in revenues and earnings for the
current financial year ending June 2017
Luxembourg 27 December 2016 - Frankfurt-listed FinTech, MyBucks S.A. (the
"Company") today released preliminary figures for its business development
in the financial year ended 30 June 2016. During this period, disbursements
grew by EUR 13.2 million or c. 20%, from EUR 64.7 million to a EUR 77.9
million. Revenues increased by EUR 7.6 million from EUR 31.2 million to to
EUR 38.9 million, recording a 24% growth. This growth has been achieved
despite negative impact by the deterioration of certain African currencies,
which have seen a slight recovery post year-end. In constant currency
terms, revenue and operating profit would have been c. 20% higher than they
are recorded in the annual financial statements.
In the current financial year ending 30 June 2017, the Company has recorded
disbursements of EUR 12.9 million in November alone, a year-on-year
increase of 96%, leaving the Company on-track to significant increase its
growth for the financial period ending 30 June 2017.
Dave van Niekerk, CEO of MyBucks says, "Looking forward, currency risks are
now better hedged after the acquisition of the Opportunity Bank network
which allows MyBucks to get funding in local currencies via retail
deposits. Via this acquisition, MyBucks has acquired two banking licenses
in Mozambique and Uganda and expanded its operations into three additional
territories, namely Mozambique, Uganda and Tanzania, with two more deposit
taking institutions pending regulatory approval in Ghana and Malawi."
Consolidating the Opportunity Banks, for which regulatory approval was
received after year-end, the pro forma combined loan book would have been
in excess of EUR 60 million. In preparation of the planned acquisitions and
integrating the four banks into its stable, the Company started building
capacity on a head-office level bringing on board senior executives to
prepare for growth. As a result the operating margin reduced to c. 29%
Media Release:
MyBucks releases primary figures for financial year ended 30 June 2016.
- Annual results show an adjusted profit before taxes and one-off charges
of EUR 3 million.
- Management expects very strong growth in revenues and earnings for the
current financial year ending June 2017
Luxembourg 27 December 2016 - Frankfurt-listed FinTech, MyBucks S.A. (the
"Company") today released preliminary figures for its business development
in the financial year ended 30 June 2016. During this period, disbursements
grew by EUR 13.2 million or c. 20%, from EUR 64.7 million to a EUR 77.9
million. Revenues increased by EUR 7.6 million from EUR 31.2 million to to
EUR 38.9 million, recording a 24% growth. This growth has been achieved
despite negative impact by the deterioration of certain African currencies,
which have seen a slight recovery post year-end. In constant currency
terms, revenue and operating profit would have been c. 20% higher than they
are recorded in the annual financial statements.
In the current financial year ending 30 June 2017, the Company has recorded
disbursements of EUR 12.9 million in November alone, a year-on-year
increase of 96%, leaving the Company on-track to significant increase its
growth for the financial period ending 30 June 2017.
Dave van Niekerk, CEO of MyBucks says, "Looking forward, currency risks are
now better hedged after the acquisition of the Opportunity Bank network
which allows MyBucks to get funding in local currencies via retail
deposits. Via this acquisition, MyBucks has acquired two banking licenses
in Mozambique and Uganda and expanded its operations into three additional
territories, namely Mozambique, Uganda and Tanzania, with two more deposit
taking institutions pending regulatory approval in Ghana and Malawi."
Consolidating the Opportunity Banks, for which regulatory approval was
received after year-end, the pro forma combined loan book would have been
in excess of EUR 60 million. In preparation of the planned acquisitions and
integrating the four banks into its stable, the Company started building
capacity on a head-office level bringing on board senior executives to
prepare for growth. As a result the operating margin reduced to c. 29%
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