Humm Group FY24 Financial Results Briefing
Humm Group Releases Financial Results for FY24
Humm Group released its financial results for the year ended 30 June 2023, providing a detailed overview of the company's financial performance and strategic progress.
Key Financial Highlights:
- Revenue increased by 7% to $1.2 billion
- Net profit after tax decreased by 12% to $148 million
- Credit impairment charges increased significantly due to higher delinquencies
Strategic Progress:
In FY23, Humm made significant progress in executing its strategy to streamline operations and reduce costs, including:
- Completion of the sale of its New Zealand operations
- Closure of underperforming business lines
- Implementation of cost-cutting initiatives
Outlook:
The company remains cautiously optimistic about the future despite ongoing economic uncertainties, and is focused on improving profitability and managing risk.
Shareholder Communications:
Due to recent legislative changes, Humm shareholders now have new options for receiving communications. Shareholders can choose to receive communications electronically or in physical form.
Additional Information:
To access the full financial results, please visit Humm Group's investor relations website.
For more information on Humm Group, please visit its official website.
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