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Company News Summary

Afterpay Touch Group Provides H1 FY 2019 Results

26 Feb 2019  |  10:07:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: H1 FY19 Results Announcement

Afterpay Touch Group provided H1 FY 2019 results. The Underlying sales was $2.3bn in the six months ended 31 December 2018, an increase of $1.4bn or 147% on the pcp. Net Transaction Margin (NTM) (pro forma) maintained at 2.3% in line with the pcp, notwithstanding rapid scaling in US. It maintains a balance sheet capable of supporting expansion plans. In Australia its existing A$500m total receivables funding facility can sustain well over $5bn in GMV and only $133.6m has been drawn.

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