VEF Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 28, 2021
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VEF Ltd. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 3.326 million compared to USD 37.863 million a year ago. Operating income was USD 355,000 compared to USD 34.468 million a year ago. Net income was USD 480,000 compared to USD 36.712 million a year ago. Basic eps - continuing operations was USD 0 compared to USD 0.06 a year ago. For the half year, total revenue was USD 19.727 million compared to negative total revenue of USD 23.815 million a year ago. Operating income was USD 15.711 million compared to operating loss of USD 25.701 million a year ago. Net income was USD 15.751 million compared to net loss of USD 25.446 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to basic loss per share from continuing operations of USD 0.04 a year ago.
Vef AB (publ) is a Sweden-based investment company. The Company invests in growth stage private fintech companies, take minority stakes and is an active investor with board representation in its portfolio companies. The Company focuses on scale emerging markets and invest across all areas of financial services inclusive of payments, credit, mobile money and wealth advisors. The portfolio consists of such companies as lending company Creditas, digital banking company Konfio, TrnasferGO which conducts digital money transfers, payment company Juspay, Revo offering financing solutions for customers, FinanZero supporting digital marketplace for consumer loans, or Nibo which operates as a software as a service (SaaS) provider.
VEF AB 
