Australia's Beforepay Group hits 8-month high on robust quarterly trading update

Beforepay

27/04/2023 05:51

** Shares of Beforepay Group Ltd  B4P.AX  jump as much as
14.7% to A$0.585, their highest level since Aug 16, 2022
    ** Fintech co posts a 148% jump in Q3 net transaction margin
to A$2.59 mln ($1.71 mln)
    ** Posts qtrly pay advances of A$161.9 mln, up 84%
    ** Shares post their biggest intraday pct gain since April
18 and are on track to lodge a second consecutive session of
gains 
    ** B4P stock up 9.7% YTD, as of last close 

($1 = 1.5133 Australian dollars)

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))