HomeChoice hikes dividend as digital growth, loans surge
Fintech company interim dividend up by more than a third but revenue rises only 4%
16 August 2022 - 08:41
UPDATED 16 August 2022 - 20:14
HomeChoice International, which sells homeware and loan products, says its digital operating model and customer loyalty paid off with a profit jump in its half-year to end-June, enabling the fintech group to raise its interim dividend more than a third.
Interim group revenue rose 4% to R1.76bn, the company said on Tuesday, but operating profit surged 29.5% to R228m. There was a jump in loans with costs kept under control by a business model less reliant on a large asset footprint...
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