Half Year 2020 Australian Finance Group Ltd Earnings Call Transcript
Ladies and gentlemen, thank you for standing by, and welcome to the investor briefing for Australian Finance Group Limited fiscal year 2020 half year results announcement. (Operator Instructions) I must advise you that today's conference is being recorded.
I'd now like to hand the conference over to your first speaker today, Chief Executive Officer of Australian Finance, David Bailey. Thank you. Please go ahead.
Thank you, and good morning, everyone, and I appreciate you making the time to listen to the call. AFG is very, very pleased to announce our FY '20 first half results.
The key take-outs from our perspective is the net -- NPAT, which is up 10% to 18.3% -- $18.3 million. More importantly, from our perspective, is the underlying NPAT, which is up by 20% to $17.7 million. Our residential settlements were flat at $16.9 billion, but it's been a half of 2. And certainly, the quarter 2 lodgements and settlements are up 19% and 6%, respectively, on last year.
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