Friday, 31 March 2023

Robocash Group revenue raises 53.6% for first half of 2022

5 min read

In the first half of 2022, Robocash Group issued $657.8 M worth of loans, 50% more than in H1 2021. The revenue for the period amounted to $214.9 M, up by 53.6%. Net profit stood at $13.9 M. As the Group continues developing its e-commerce products in the Philippines, net profit saw a slight decrease of 9.7% compared to the same period previous year. However, this effect stays strictly within the management's estimates, and the Group continues to show positive results.

Last month, the Group’s subsidiary in the Philippines launched the first ever medicine aggregator service in the Philippines called UnaPharma, which allows customers to reserve medication for pick-up in any of the partnered pharmacies.

Digido, the Group’s short-term loans service in the Philippines, now offers a consumer credit line for returning customers, borrowers to take longer-term loans with split payments.

“For the second half of the year, we plan to focus on improving the profitability of our loan portfolio, and continue scaling our most performing products. We value our long-lasting relationships with customers and plan to continue improving our services across all countries of the operation”, Robocash Group CEO Sergey Sedov said.

Re-disseminated by The Asian Banker

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