Robocash Group has distributed its first six months of 2022, ending June 30, financial results. According to the company, revenue is up by 53.1% to USD$ 214.2 million from USD$ 139.9 million, year over year. The report was reviewed by FBK Grant Thornton and did not include an audit opinion.
The report may be downloaded here.
Robocash reports a net profit of USD$ 14.3 million during the period, which compares to USD$ 15.37 million in 2021.
The company states that the development of new digital financial services in the Philippines resulted in a slight slow-down in its growth of net profit compared to previous years, but it is still on track for its estimates. For the period ending August 31, 2022, Robocash anticipates a net profit of USD$ 32.2 million
Retained earnings have gone from USD$ 75.5 million, an increase of 37.5%.
Natalya Ischenko, CEO of Robocash Group, commented:
“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.”
Robocash was originally launched in Europe in 2013 as an online lending platform that allows individual investors to provide capital online. It has since moved its corporate headquarters to Singapore. Since its inception, Robocash reports over USD$ 2.6 billion in loans