Lendify Technologies AB (publ) releases interim report for the period 2020-01-01 to 2020-06-30
Second quarter 2020 (compared with second quarter 2019)
▪ Operating income amounted to 16 500 KSEK (7 750 KSEK)
▪ Operating profit amounted to 7 364 KSEK (-3 228 KSEK)
▪ Profit/loss after tax amounted to 2 691KSEK (7 440KSEK)
▪ Cash and bank was 15 056 KSEK at 30 June 2020 (15 456 KSEK at 30 June 2019)
Financial overview
| KSEK |
Q2 2020 |
Q2 2019 |
| Operating income | 16 500 | 7 750 |
| Operating profit | 7 364 | -3 228 |
| Net financial income/expense | -5 315 | -4 854 |
| Profit/loss for the period | 2 691 | -7 440 |
| Total assets | 217 887 | 185 365 |
| Operating margin % | 44,6% | E/T |
| Equity ratio % | 22,1% | 11,4% |
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 second quarter 2020
The interest rate on the outstanding bond listed on NGM NDX has changed from 12.0% to 14.0% in May in accordance with the terms and conditions for the bond.
This information is information that Lendify Technologies AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, at 07:30 CET on 31 August 2020.
For further information, please contact:
Erika Eliasson
Deputy CEO
ee@lendify.se