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Slovar Limited Earnings Release 2013

Aug 20, 2013

17773_rns_2013-08-20_bff85f31-96af-4466-815f-be2736d647ec.pdf

Earnings Release

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money3

MONEY3 RECORD PROFIT WITH 44.2% RISE

Money3 Corporation Limited (Money3) is pleased to announce an unaudited profit before tax of $5.2M (2012:$3.6M) a rise of 44.4% over the corresponding period.

This result is a product of our continued development of our customer base, both by acquisition and organic growth, as well as the introduction of new products that fit our customer base.

FY13 Financial Highlights:

Net profit before tax up 44.4% to $5.2M (2012: $3.6M)
EPS up 4.9% to 6.16 (2012: 5.87) cents per share
Earned income up 47.0% to $22.8M (2012:$15.5)
Branch written income up 40.9% to $16.6M (2012:$11.8M)
Branch earned income up 26.0% to $14.5M (2012:$11.5M)
Secured written income up 177.7% to $15.0M (2012:$5.4M)
Secured earned income up 84.1% to $6.5M (2012:$3.5M)
Raised $15.9M in capital during the year
Loan book increased by 53.2% to $31.2M (2012:$17.0M)

Outlook

Trading for July and August 2013 continues to be strong with both the branch and secured divisions seeing sound growth over the corresponding period.

Money3 remains focused on providing sustainable credit products to the millions of Australians unable to access traditional credit products. It is estimated that 4.5 million Australians have less than one week's wages in their bank account; 2.65 million are financially excluded and of them 54% are unable to source $3000 for an emergency. We understand these consumers and their needs and will remain focused on this niche.

We now have certainty from the regulators, access to funding and committed well trained staff; we have the company well positioned to capitalise on expanding the operations via acquisitions and organic growth.