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Interim Report and Interim Financial Statements for Six-month period ended 30 June 2020

In 2020 H1, the company kept the volume of loans issued stable, reaching EUR 8.95 M and, compared to 2019 H1 dropped by 1%. Likewise, the income grew to EUR 1.163 K versus EUR 796 K in 2019 H1 (46% growth). Company’s EBITDA improved and in 2020 H1, was EUR -60,189, whereas in 2019 H1 it was EUR -295,580. Accordingly, the profit before taxes in 2020 H1 was EUR -145,688, compared to EUR -375,275 in 2019 H1.

Payment initiation service (PIS) was growing rapidly. In 2020 H1, the company performed over 2.7 M transactions, compared to 1.5 M transactions in 2019 H1. Accordingly, primarily due to the increase in PIS volumes, payment-activity-related revenue increased almost 1.5 times, from EUR 63 K in 2019 H1, to EUR 153 K in 2020 H1.

Interim financial statements and interim report of NEO Finance, AB (legal entity code 303225546, address: A. Vivulskio g. 7, Vilnius, Lithuania) for six months period ended 30 June 2020, as well as Confirmation of responsible persons, are ready for acquaintance in the attachment.

 

published:
2020-10-20
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