Axsesstoday sees 94% increase in NPAT from FY17

Company News

by Rachael Jones

Funding solutions company Axsesstoday (ASX:AXL) has seen a NPAT of $7 million for the 12 months to the end of June – this is up 94 per cent on FY17 and in-line with the Company’s upgraded guidance.

Their net loan receivables of $336m to the 30 June this year, up 100 per cent from the same time last year.

Financial year 2019 underlying NPAT is expected to be $12.5-13.0m, an increase of 80 per cent.

This forecast includes the cost of the Company’s ongoing investment in technology and new strategic initiatives.

Shares in Axsesstoday (ASX:AXL) up 3.67 per cent to $2.40.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.