I think the summary if this update is:
- NPAT up 9mil but of that, 13 mil can be attributed to lower operating expense and 9 mil to a lower impairment expense
- this means the core business on a pro forma (before cost reduction) generated a lower NPAT that pcp
- forecasting H2 NPAT to be lower than H1 due to investments head count and marketing for int. expansion. I view this as a positive
- The wind down of the legacy business is still spitting out plenty of cash
- BNPL volumes and users both looked to have grown nicely
- all in all, everything appears on track. A full break out of the BNPL numbers in the offical earnings will be interesting
I think the summary if this update is:- NPAT up 9mil but of...
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