News
AS “mogo” external auditor change
With this AS „mogo” informs about the change of external auditor starting from 29th of October 2019. The previous external auditor SIA “Ernst & Young Baltic” is replaced by AS “KPMG Baltics”.
Mogo Finance shareholders commit to inject EUR 10M of additional capital
Riga, Latvia, 17 October 2019. Mogo Finance S.A., a specialist in secured used car financing, announces that it has signed a binding commitment with its current shareholders to provide up to ten million Euro (EUR 10,000,000) of additional capital.
Mogo Finance conducts European investor roadshow EUR bond tap issue may follow
Riga, Latvia, 3 October 2019. Mogo Finance S.A. and its group companies (the “Group”), specialized in used car financing, will conduct a series of investor meetings throughout Europe in connection with a potential tap issue of the EUR 75 million 9.5% Senior Secured Bonds 2018/2022 (XS1831877755).
Mogo Group adds loans for investment from its 10th country on Mintos – Belarus!
Mogo Group, one of the largest used-car financing companies in Europe, has expanded its presence on Mintos once again by adding car loans from Belarus. With this development, Mogo Group now offers investment opportunities from 10 different countries on the marketplace.
Solid six month results cannot be unnoticed. Latest interview with Mogo Finance management
Here is the latest interview with Mogo Finance CEO Modestas Sudnius, CFO Maris Kreics, CFA, FCCA about recent results and future plans on one of the most influential finance portals in Germany – BONDBOOK (the article is in German language). Full article: https://bit.ly/2lFJWrA For more information, please contact: Simonas Jurgionis, Investor Relations Manager simonas.jurgionis@mogofinance.com+371 27…
AS “mogo” interim condensed financial information for the 6 month period ended 30 June 2019
Net profit of the AS “mogo” Group amounted to 3.1 million euro which is significant increase from the 410 thousand euro in first 6 months of 2018 Significant financial results improvement was reached because of successful update of customer evaluation policy, what helped to decrease impairment for doubtful debtors.