Monzo Reports First-Ever Profit of £15.4m, Eyes Stock Market Debut After Nine-Year Journey

Monday, 3 June 2024, 21:01

Monzo, the digital bank, has achieved a significant milestone by reporting a pre-tax profit of £15.4m for the year ending March. This marks a stark contrast from the pre-tax loss of £116.3m in the previous year. The positive financial results hint at a potential stock market listing for Monzo, signaling a successful turnaround and growth trajectory.
https://store.livarava.com/80764631-21ee-11ef-a3fb-9d5fa15a64d8.jpg
Monzo Reports First-Ever Profit of £15.4m, Eyes Stock Market Debut After Nine-Year Journey

Monzo Achieves Profit Milestone after Nine Years

Monzo reported a pre-tax profit of £15.4m for the year to the end of March, a stark contrast from the previous year's pre-tax loss.

The digital bank is eyeing a potential stock market listing, marking a significant turnaround in its financial performance.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe