Brief: Solvar Says FY23 Is On Track To Be A Year Of Record Lending

Solvar

15/02/2023 02:57

Feb 15 (Reuters) - Solvar Ltd  SVR.AX :
    * FY23 IS ON TRACK TO BE A YEAR OF RECORD LENDING
    * SEES INCREASE IN LOAN BOOK ACROSS ALL SEGMENTS WITH
COMMENSURATE
INCREASE IN REVENUE IN FUTURE PERIODS
    * FORECASTS LOAN BOOK TO BE APPROXIMATELY A$900.0 MILLION AT
END
OF FY23
    * ADJUSTING ITS GUIDANCE FROM NOVEMBER 2022 TO A NPAT OF
A$48.0
MILLION FOR FY23
    * FY23 REVENUE GROWTH IS EXPECTED TO BE ABOVE 10%
    * BAD DEBTS ARE EXPECTED TO BE IN TARGETED RANGE OF
3.5%-4.5% FOR
FINANCIAL YEAR

Source text for Eikon:  ID:nASX6TWjz6 
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