Bullboard - Stock Discussion Forum goeasy Ltd EHMEF

Primary Symbol: T.GSY

goeasy Ltd. is a Canada-based company, which provides non-prime leasing and lending services through its easyhome, easyfinancial and LendCare brands. The Company's segments include easyfinancial and easyhome. The easyfinancial segment lends out capital in the form of unsecured and secured consumer loans to non-prime borrowers. easyfinancial’s product offering consists of unsecured and real... see more

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goeasy Ltd > Globe & Mail

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Post by retiredcf on Aug 11, 2022 7:21am

Globe & Mail

goeasy Ltd. reported record loan originations of $628-million in the second quarter, which it said was up 66 per cent compared to the $379-million produced in the second quarter of 2021.

“The increase in lending was driven by a record volume of applications for credit, which were up 51 per cent over the prior year, leading to a record level of loan originations across several of the company’s products and acquisition channels,” it stated.

Operating income was a record $85.2-million, up 52 per cent from $56.1-million in the second quarter of 2021. Net income in the second quarter was $38.3-million, up 97 per cent from $19.5-million in the same period last year. Diluted EPS came in at $2.32 versus $1.16 in the second quarter of 2021, the company said.

Adjusted EPS came in at a record $2.83 versus $2.61 a year ago and ahead of expectations of $2.74 per share.

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