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Kina Securities Limited delivers continued solid growth

We are pleased to announce our results to the ASX and PNGX for the first half 2020.
We are delighted that, despite the challenges of Covid-19, we have continued to deliver solid growth in NPAT which is up 24% compared with last year to PGK 29.3m.

Highlights

NPAT up 24% to PGK 29.3m
Revenue up 78% to PGK 149.2m
Net Interest Income up 76% to PGK 80.4m
FX income up 52% to PGK 28.5m
Funds Administration up 29% to PGK 3.5m
Revenue from new digital channels PGK 7.6m

Total Deposits at PGK2.5bn
Total Net Loans at PGK 1.42bn

We are proud to announce the significant progress we’ve made on our strategic initiatives. We’ve delivered a POS service, ATM interchange, central bank clearance and debit card production for MiBank; simplified our group operating and capital structure; delivered exceptional growth in our new digital channels; launched an extensive brand campaign; and formed a major community partnership with the Kokoda Track Foundation.

  • These are just a few of the highlights. You can read the full financial statements on our investor site
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