Australia's Beforepay jumps most in near 2 months on upbeat quarterly update

Beforepay

28/07/2023 02:27

** Shares of Beforepay Group  B4P.AX  jump as much as 10.4%
to A$0.530, posting their biggest intraday pct gain since June 8
    ** The fintech co posts quarterly net transaction margin
A$4.09 mln ($2.74 mln), up 88% y-o-y
    ** Co delivers positive EBITDA of A$0.57 mln
    ** Shares hit their highest level since July 21
    ** Beforepay stock up 3.2% YTD, as of last close 

    ($1 = 1.4928 Australian dollars)

    

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