VEF AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 19, 2023 at 02:00 am EDT
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VEF AB (Publ) reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net income was USD 68.73 million compared to net loss of USD 296.56 million a year ago. Basic earnings per share from continuing operations was USD 0.07 compared to basic loss per share from continuing operations of USD 0.28 a year ago. Diluted earnings per share from continuing operations was USD 0.07 compared to diluted loss per share from continuing operations of USD 0.28 a year ago.
For the six months, net income was USD 97.17 million compared to net loss of USD 320.68 million a year ago. Basic earnings per share from continuing operations was USD 0.09 compared to basic loss per share from continuing operations of USD 0.31 a year ago. Diluted earnings per share from continuing operations was USD 0.09.
Vef AB (publ) is a Sweden-based investment company. The Company invests in growth stage private fintech companies, take minority stakes and is an active investor with board representation in its portfolio companies. The Company focuses on scale emerging markets and invest across all areas of financial services inclusive of payments, credit, mobile money and wealth advisors. The portfolio consists of such companies as lending company Creditas, digital banking company Konfio, TrnasferGO which conducts digital money transfers, payment company Juspay, Revo offering financing solutions for customers, FinanZero supporting digital marketplace for consumer loans, or Nibo which operates as a software as a service (SaaS) provider.
VEF AB 
