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J.S.Mill

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25/11/20

14:09

Post #: 49134918
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Originally posted by TheMarketHerald: ↑

Payroll provider PayGroup (PYG) has reported a 100 per cent year-on-year revenue increase from H1 FY20 to H1 FY21
The company also saw a material earnings improvement, with $1.6 million in earnings compared to a $1 million loss in H1 FY20
The group also reported a net profit after tax of $444,000, compared a loss of $1.4 million at the same time last yearStrong revenue growth, ongoing cost efficiencies, and government wage subsidy programs such as JobKeeper lead to the financial success
Additionally, total contract value increased from $2.8 million to $5.4 million with the help of two payroll provider acquisitions
At the end of the period, PayGroup had a healthy $5.3 million in the bank after a $3.5 million capital raise conducted in September

Read the full article on The Market Herald here.

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Why this is posted on 9 other forums including Telstra seems odd/stupid.
Doesnt do much for the reputation of the Market Herald ...
PYG Price at posting: 57.0¢ Sentiment: None Disclosure: Not Held
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