Finance company humm group lost 7 per cent of its customers in the second half of last year, as it trimmed its product portfolio, but it offset the drop in customer numbers with an 18 per cent increase in transaction value. humm made the decision last year to discontinue hummpro, a BNPL offering for small business, and consumer BNPL products in New Zealand. It has also paused origination of new customers on bundll (a BNPL product for small payments) until further notice. The company has shifted its focus to its commercial business, cards and big ticket consumer finance. It said the increase in transaction value in the December 2022 half reflected the shift to the SME market. Humm reported a profit of A$7.5 million for the December half, a turnaround from a loss of $168.3 million in the previous corresponding period, when it booked a $181 million impairment of goodwill and other intangibles. It made a loss of $170.3 million in the year to June. The company’s preferred measure of earnings, normalised cash profit, rose 2 per cent to $38.5 million. The result was helped by a big cost reduction program and improved credit performance. Receivables grew 27 per cent to $3.8 billion - $1.8 billion in consumer finance and $1.9 billion in commercial. On the negative side, the credit impairment charge increased from $23.6 million in the December half 2021 to $39.5 million in the latest half. The company said it has plenty for funding for growth, with two new warehouse facilities executed during the half. It has $1.2 billion of undrawn funding.