Australian Finance Group Ltd (ASX:AFG)
A$ 1.565 -0.035 (-2.19%) Market Cap: 423.75 Mil Enterprise Value: 4.79 Bil PE Ratio: 15.09 PB Ratio: 2.23 GF Score: 62/100

Half Year 2021 Australian Finance Group Ltd Earnings Call Transcript

Feb 26, 2021 / 12:00AM GMT
Release Date Price: A$2.81 (-2.09%)
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the investor briefing for AFG's 2021 Half Year Results Announcement. (Operator Instructions)

Please be advised that today conference is being recorded. I would now like to hand the conference over to your first speaker today, Mr. David Bailey, CEO of Australian Finance Group. Thank you. Please go ahead.

David Bailey
Australian Finance Group Limited - CEO

Thanks very much, and good morning, everyone, and appreciate the time you've taken to listen into this presentation. I thought we'd start off by announcing we're very, very pleased to announce that a reported NPAT, which is up 36% to $24.97 million for the half. And the underlying, corresponding underlying NPAT for the same period is up 41% to $24.88 million, which drives an interim dividend increase of 9% to $0.059 per share. The underlying impact or supporting areas of the results and the highlights were around a residential settlement volume being up by 24%. Home loans now, AFG Home loans now services over 27,000 customers. The

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