Though $147m originations is the largest in the 5 periods. $98-127m was enough to have receivables fall in H223. $130-147m was enough to have it rise in H124.
So maybe not a huge amount of up-front provisions. Not provisions on the full $0.1b rounded jump in receivables, but provisions on the originations number, the jump from $98-127m to $130-147m. So 15%+ higher.
- So 15% higher up-front provisions than usual. (15% higher originations) - Lower interest and fees on the corporate debt. - NPAT stays stable at $6m. - Cash profit might have been up (the one that is adjusted to offset the accounting rules)
MME Price at posting:
8.6¢ Sentiment: Buy Disclosure: Held
