Plenti Group Posts 16% Increase in Revenue in March Quarter; Shares Up 5%

MT Newswires Live
04-30

Plenti Group (ASX:PLT) reported revenue of AU$69.4 million for the fiscal fourth quarter ending March 31, up 16% compared with the same period last year, according to a Wednesday filing with the Australian bourse.

The company's unaudited cash net profit after tax for the second half of the year reached AU$8.3 million, bringing the full year result to AU$13.8 million, the filing said.

The company is on track to achieve AU$25 million in efficiencies as its loan portfolio expands to AU$3 million from AU$1.5 billion, according to the filing.

Plenti Group shares rose nearly 5% in afternoon trade on Wednesday.

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