EasyEquities owner Purple Group reports profit surge as platform builds scale
Annual earnings more than quadrupled to R72.6m, thanks mainly to investment accounts soaring almost threefold
10 November 2021 - 16:44
Financial services firm Purple Group more than quadrupled its profit in year to end-August, benefiting from a rapid rise in investment accounts in its low-cost investment platform EasyEquities.
EasyEquities recorded a 182.9% increase in funded retail investment accounts to 737,969, and revenue grew just over a quarter to R204.77m...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.