Brief: Butn Ltd Posts FY Statutory Loss After Tax Of A$8.7 Mln

Butn

29/08/2022 02:45

Aug 29 (Reuters) - Butn Ltd  BTN.AX :
    * FY STATUTORY LOSS AFTER TAX OF A$8.7 MILLION VERSUS LOSS
OF
A$5.3 MILLION
    * FY22 REVENUE INCREASED 19% TO A$5.4 MILLION
    * STRONG START TO FY23 WITH MATERIAL ORIGINATION AND REVENUE
GROWTH EXPECTED
    * FY23 RECORD MONTHLY ORIGINATIONS IN JULY 2022 OF A$31.5
MILLION,
UP 58% ON PCP
    * FY23 JULY'S REVENUE MARGIN WAS 2.3%, UP ON FY22'S MARGIN
OF 2.0%
    * FY23 JULY'S REVENUE AT A$0.7 MILLION, UP 78% ON PCP
    * IN AUGUST 2022 BUTN SECURED A FURTHER A$5.0 MILLION OF
DEBT
FUNDING (CLASS A NOTES) FROM NOTEHOLDERS UNDER 2019-1 BOND

Source text for Eikon:  ID:nASX53N9Hw 
Further company coverage:  BTN.AX 

 ((Reuters.Briefs@thomsonreuters.com;))