after a battering during Covid, Resimac has come back to life
Resimac Group Limited (ASX:RMC) provides the following trading update (13/11):
• 1H21 Normalised NPAT guidance in the range of $48m – $53m reflecting low 30 day BBSW resets, disciplined cost control, and Assets Under Management growth.
• Home loan settlements from July to October were $1.4b (c65% Prime; c35% Specialist).
• Resimac home loan Assets Under Management at 31 October 2020 was $12.7b (30 June 2020 $12.4b).
• At 31 October, approximately 4.4% of customers were in COVID payment deferrals (30 June 2020 10%).
• The Group is unlikely to increase the 30 June 2020 COVID collective provision overlay of $16.
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