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Comment on financial results: Moneta: Results for 2Q above estimates; net profit guidance increased

7/29/2021 10:25 AM

This morning, Moneta Money Bank announced results for the second quarter of this year that are significantly better year-on-year in terms of net profit. This is due to the high cost of risks a year ago. Total income after adjusting for non-recurring items and net profit are above market estimates. Moneta's management slightly reduced the full-year outlook for total revenues, but due to a decrease in risk costs the net profit guidance increased. And that serves as the basis for the dividend payment.

Autor: Bohumil Trampota
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