- humm group (HUM) shares are up after forecasting positive financials for the fourth quarter of the 2021 financial year
- The company’s total transaction volume is expected to be $775 million, up 57.3 per cent from this time last year
- At the end of June, total customers reached 2.7 million, up 62.2 per cent on the previous corresponding period
- Based on unaudited accounts, humm expects to report an FY21 cash net profit after tax (NPAT) of $68.4 million, up 121.1 per cent on this time last year
- On the market this morning, humm is up 5.61 per cent, trading at $1.04 per share at 12:01 pm AEST
humm group (HUM) shares are up after forecasting positive financials for the fourth quarter of the 2021 financial year.
The company’s total transaction volume is expected to be $775 million, up 57.3 per cent from this time last year. Credit performance remains positive with net loss of $30.2 million, down 20.3 per cent.
humm saw a record quarterly in the buy now, pay later sector, with transaction volumes at $305 million, up 68.7 per cent on this time last year.
At the end of June, total customers reached 2.7 million, up 62.2 per cent on the previous corresponding period.
Based on unaudited accounts, humm expects to report an FY21 cash net profit after tax (NPAT) of $68.4 million, up 121.1 per cent on this time last year. This is consistent with the outlook of its second-half cash NPAT to be lower than the first half.
CEO Rebecca James is pleased with the continued momentum in all segments.
“We are confident in carrying this volume momentum into FY22 as our products continue to evolve and mature, we execute on our international expansion, and we deliver on our partnership strategy,” Ms James said.
“humm group’s sustainable profit is a key differentiator against many of our competitors, and importantly will be the fuel to fund the company’s growth strategy.”
On the market this morning, humm was up 5.61 per cent, trading at $1.04 per share at 12:01 pm AEST.