Monday, 22 April 2024

Singapore fintech Robocash's group audited financial results for H1 2022

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Singapore, October 4, 2022 — Robocash Group, a Singapore-based fintech group of companies of digital financial services operating in Asia and Europe, today announced its audited financial results for the six months ended June 30, 2022.

The revenue for the period amounts to USD 214.2 M, a 53.1% increase from USD 139.9 M for the same period of 2021. The net profit stands at USD 14.3 M. The development of new digital financial services in the Philippines resulted in a slight slow-down in growth of net profit compared to previous years. However, this effect does not stray from the Management's estimates, and the Group continues to show positive results. According to the Management’s estimates for the period ended August 31st 2022, the Group’s net profit has amounted to USD 32.2 M, greatly exceeding the initial plans. The retained earnings have grown to USD 75.5 M, up by 37.5%. 

Natalya Ischenko, CEO of Robocash Group, comments on the company’s performance: “Our core digital financial services are engaged in select markets in Asia that, in our view, have significant growth potential. The results for the first half of 2022 reflect the strength and resilience of our Group, our team and our position in each operating market, despite the challenges of the current market environment. 

We are committed to our strategic plan towards expansion and development of the full range of financial products in Asia. The clients and their impressions of our services are to remain at the heart of our business model and we continue to support our customers in every financial need quickly and conveniently.”

The  Interim Condensed Combined Financial Information for the six-month period ended 30 June 2022, was prepared in accordance with the International Financial Reporting Standards and has been reviewed by a Tier 10 auditor FBK Grant Thornton.

Re-disseminated by The Asian Banker

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