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Plenti Group Originates Record Loan Volume in June Quarter

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Plenti Group (ASX:PLT) originated a record quarterly loan volume of AU$536 million in the June quarter, up 22% from a year earlier, with all lending verticals hitting quarterly loan origination records, according to a Tuesday filing with the Australian bourse.

The company's loan portfolio increased to AU$3.3 billion at the end of its fiscal first quarter, rising 23% from a year earlier, while arrears of more than 90 days were at 46 basis points at the end of the quarter, per the filing.

Plenti Group also reported a June quarter cash profit before tax of AU$10.7 million as revenue increased 16% from a year earlier to AU$84.6 million.

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