Money3 Corporation Limited (AU:SVR) has released an update.
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Solvar Limited, a finance provider in underserviced markets, reported a robust financial performance for FY24 with a Normalised NPAT of $29.0m and an 11.2% growth in its Australian loan book. The company has announced a strategic shift by ceasing new lending in New Zealand to focus on establishing a Commercial Business unit in Australia. Solvar also emphasized its philanthropic efforts and commitment to sustainability, setting a positive tone for FY25.
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