After its joint chief executives were forced to apologise at the company's November annual general meeting for its disappointing post-IPO performance, Prospa put in a better showing yesterday with the release of its December half financial report.The business lender, which listed on the ASX last June, reported loan originations of A$307 million for the six months to December - an increase of 36 per cent over the previous corresponding period.Revenue was up 11.7 per cent to $75.6 million. EBITDA was $4.3 millionThe company met or exceeded its November guidance for originations, revenue and EBITDA.The company made a net profit of $610,000, compared with a loss of $2.9 million in the previous corresponding period.The loan impairment expense, always a big number for Prospa, was $14.1 million - up from $13.4 million in the December 2018 half. Loan impairment expense represented 3.3 per cent of average gross loans of $428.9 million during the half.Joint chief executive Greg Moshal said credit quality would improve over time as better credits increased as a proportion of the loan book. This would have a positive impact on loss rates, provisioning and cost of funds.The company has originated a total of $1.4 billion of loans in Australia and New Zealand to 26,900 small businesses.