Fintech firm increases interim dividend by over a third despite only 4% rise in revenue
HomeChoice International, which sells homeware and loan products, says its digital operating model and customer loyalty paid off with a profit jump in its half-year to end-June, allowing the fintech group to up its interim dividend by over a third.
Group revenue rose only 4% to R1.76bn to end-June but operating profits grew 29.5% to R228m, with the firm reporting a jump in loans, while costs were kept under control by a business model less reliant on a large asset footprint...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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