Half-year report/quarterly/interim statement
Publication of inside information pursuant to Article 17 MAR
Fast Finance 24 Holding AG, a fast growing fintech company with investments in the internet and technology sector, today publishes the half-year figures for the first six months of the current financial year of its 85% subsidiary Fast Finance Pay Corp.
According to the available figures, revenues tripled from USD 519,212 in the previous year to USD 1,587,873 in the first six months. Profit after tax also improved significantly from USD 82,644 in the previous year to USD 172,617 in the reporting period.
Cash and cash equivalents as of June 30, 2023 amounted to USD 230,629, compared to USD 45,064 in the previous year. Equity increased slightly from USD 4,274,847 as at June 30, 2022 to USD 4,470,169 as at June 30, 2023.
With an expected stronger second half of the year, the management of Fast Finance Pay Corp. expects the following for the full year
- Revenues between USD 4,000 thousand and USD 5,000 thousand
- a pre-tax profit of between USD 500 thousand and USD 750 thousand
The full half-year report of Fast Finance Pay Corp. is available for download in the Investor Relations section of the company’s website: https://ff24pay-corp.com/filings/