KUALA LUMPUR, April 5 (Bernama) -- Mash Group Plc, one of Europe’s leading fintech companies has announced the audited consolidated results for the 12 months, ended Dec 31, 2018.
The company’s revenue grew by 110 per cent to EUR 34.5 million, EBIT grew by 221 per cent to EUR 12.5 million and net profit of EUR 400,000 has been generated. (EUR 1=RM4.59)
Lending volume for Mash Group also increased by 127 per cent to EUR 166 million.
Its solidity also remains strong, with equity increasing by 67 per cent in 2018 to EUR 63.5 million, while total assets grew 102 per cent to EUR 267 million.
In addition, the company’s chief executive officer, James Hickson has been awarded by AI Global Media as ‘Most Influential FinTech CEO of the year 2018’ and Mash, as ‘Most Outstanding Online Payment Services Provider 2018’
Mash’s point-of-sale customer base rose by 2,351 per cent. Eighty-two per cent of pay-later customers stated they would recommend Mash’s service to a friend.
Mash’s point-of-sale customer base rose by 2,351 per cent. Eighty-two per cent of pay-later customers stated they would recommend Mash’s service to a friend.
Hickson said Mash Group made exceptional progress, not just in terms of its financial performance but also in both the execution of strategy and in attracting people that shared their vision and values.
For 2019, the board of directors estimate the operating environment will continue to change gradually in all its markets, with some new regulation affecting lending expected during 2019 or later.
Mash also aims to achieve profitable growth within the current product categories in its home markets and develop its new markets.
-- BERNAMA
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