Australia's Beforepay Group rises to three-month high on strong quarterly results
30/07/2026 05:32
BUZZ-Australia's Beforepay Group rises to three-month high on strong quarterly results ** Shares of Beforepay Group B4P.AX rise as much as 15.9% to A$1.57, their highest level since April 27
** Stock on track to log its best session since March 10
** The lending fintech firm posts a 68% increase in quarterly net profit before tax to A$2.4 million ($1.67 million)
** Reports quarterly revenue of A$14.8 million, up 43% year-on-year
** Company attributes rise in revenue to driven by higher advance volumes, continued growth in personal loans and the progressive rollout of interest on pay advances
** About 116,000 shares change hands, 4.6 times the 30-day avg
** Stock down 39%, YTD, including the session's moves
($1 = 1.4386 Australian dollars)
(Reporting by Anjali Singh in Bengaluru)
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