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Lendify Technologies AB (publ) releases interim report for the period 2019-01-01 to 2019-09-30

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Third quarter 2019 (compared with third quarter 2018)

  • Operating income amounted to 7 750 KSEK (8 095 KSEK)
  • Operating profit amounted to -2 611 KSEK (-909 KSEK)
  • Profit/loss after tax amounted to -7 175 KSEK (-5 092 KSEK)
  • Cash and bank was 15 339 KSEK at 30 September 2019 (17 935 KSEK at 30 September 2018)

January – September 2019 (compared with January-September 2018)

  • Operating income amounted to 24 000 KSEK (16 667 KSEK)
  • Operating profit amounted to -6 885 KSEK (1 645 KSEK)
  • Profit/loss after tax amounted to -19 325 KSEK (-5 450 KSEK)
  • Cash and bank was 15 339 KSEK at 30 September 2019 (17 935 KSEK at 30 September 2018)

 

Third quarter 2019 (compared with third quarter 2018)

  • Operating income amounted to 7 750 KSEK (8 095 KSEK)
  • Operating profit amounted to -2 611 KSEK (-909 KSEK)
  • Profit/loss after tax amounted to -7 175 KSEK (-5 092 KSEK)
  • Cash and bank was 15 339 KSEK at 30 September 2019 (17 935 KSEK at 30 September 2018)

January – September 2019 (compared with January-September 2018)

  • Operating income amounted to 24 000 KSEK (16 667 KSEK)
  • Operating profit amounted to -6 885 KSEK (1 645 KSEK)
  • Profit/loss after tax amounted to -19 325 KSEK (-5 450 KSEK)
  • Cash and bank was 15 339 KSEK at 30 September 2019 (17 935 KSEK at 30 September 2018)

Financial overview

KSEK Q3 2019 Q3 2018 Jan-Sep 2019 Jan-Sep 2018
Operating income 7 750 8 095 24 000 16 667
Operating profit -2 611 -909 -6 885 1 645
Net financial income/expense -5 206 -4 183 -14 368 -7 095
Profit/loss for the period -7 175 -5 092 -19 325 -5 450
Total assets 183 077 202 709 183 077 202 709
Operating margin % N/A N/A N/A 9.9%
Equity ratio % 10.9% 19.2% 10.9% 19.2%

CEO comments

Lendify Technologies AB (publ), org. no 559129-2981 (”Lendify Technologies”) is a wholly owned subsidiary of Lendify AB, org. nr 556968–1744 (”Lendify”). Lendify Technologies manages development, maintenance and leasing of an IT-platform for consumer lending. Lendify acts as servicer for Lendify Technologies and manages administration and IT-development for Lendify Technologies. Lendify Technologies pays a quarterly fee for the service.  

Events during third quarter 2019

The company has in August received a shareholders’ contribution from the parent company Lendify AB in the amount of 6.0 MSEK.

Erika Eliasson
Deputy CEO
ee@lendify.se
Lendify Technologies AB (publ) har givit ut en obligation som handlas på NGM NDX.

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