News: PGL Prospa Group Revenue Expected To Be $12.6 Million Lower At $143.8 Million, Up 16% For Cy19

Nov 18 (Reuters) - Prospa Group Ltd (PGL) :

• REVENUE IS EXPECTED TO BE $12.6 MILLION LOWER AT $143.8 MILLION, UP 16% FOR CY19
• EXPECTS CY19 ORIGINATIONS TO BE ABOVE PROSPECTUS FORECAST AT $574.5 MILLION, UP 32% ON PCP AND UP 2.7% AHEAD OF PROSPECTUS FORECAST
• CY19 NET INTEREST MARGIN AFTER LOSSES IS FORECAST TO REDUCE BY $2.3 MILLION ON PROSPECTUS LEVELS
• EXPECTS EBITDA TO BE $4 MILLION FOR CY19
• EXPECTS TOTAL ORIGINATIONS FOR FY20 TO BE IN RANGE OF $626 MILLION TO $640 MILLION
• OPERATING EXPENSES FOR CY19 ARE EXPECTED TO BE $130 MILLION

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