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AS “mogo” interim condensed financial information for the 6 month period ended 30 June 2019
Emitents mogo AS (213800DOKX626GYVOI32)
Veids 1.2 Pusgada finanšu pārskati un revīzijas ziņojumi / ierobežotas pārbaudes
Valoda EN
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Datums 2019-08-29 10:36:03
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AS “mogo” interim condensed financial information for the 6 month period ended 30 June 2019

Net profit of the AS "mogo" Group amounted to 3.1 million euro which is significant increase from the 410 thousand euro in first 6 months of 2018

Significant financial results improvement was reached because of successful update of customer evaluation policy, what helped to decrease impairment for doubtful debtors. The Group has also reviewed its structure and therefore eliminated Mogo group international business related costs from the Group`s results, as well as implemented cost optimization initiatives, including review of customer service centres network.

The management is of the opinion that first 6 months of 2019 results supports the Group`s chosen direction for better understanding of customers necessities, customer profile development and respective offer preparation. In addition cost optimization activities will allow to streamline business process and offer better service to customers

 

Attachments

AS "mogo"  consolidated interim unaudited condensed finacial statement for six month period ended 30 June 2019                   

(Mogo_AS_consolidated_FS_2019_Q2_ENG)    

AS "mogo" interim unaudited condensed finacial statement for six month period ended 30 June 2019                         

(Mogo_AS_stadalone_FS_2019_Q2_ENG)  

 

About AS “mogo”

AS “mogo” offers classical finance lease, lends against vehicles already owned by clients (a type of service known as leaseback) and instalment loans, which is available by filling out an application on the company website, mobile website, over the phone, enquiring with one of more than 270 affiliated car dealerships, or at one of its client service centers in major cities throughout Latvia. AS “mogo” has more than 20 thousand active customers in Latvia. Mogo Finance S.A. group companies operate successfully not only in Latvia, but also in Estonia, Lithuania, Georgia, Armenia, Poland, Bulgaria, Romania, Moldova, Belarus, Ukraine, Albania, Uzbekistan, Kazakhstan and Macedonia with more plans to expand business in other countries. Read more: www.mogofinance.com

 

Dārta Keršule

Regional CFO

Phone: +371 66900904

Email: darta.kersule@mogofinance.com

 

Simonas Jurgionis

Investor Relations Manager

Phone: +371 27073993

Email: simonas.jurgionis@mogofinance.com

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