ASX-listed BSP Financial gains on HY profit jump

BSP Financial

17/08/2022 07:00

** Shares of Papua New Guinea-based business banking
services and solutions provider BSP Financial Group Ltd  BFL.AX 
rise 1.9% to A$4.90
    ** HY underlying net profit rose 30.4% to 586.1 mln kina
($161.47 mln) due to improved economic conditions as most
countries recover from COVID-19 disruptions  urn:newsml:reuters.com:*:nASX16gfdC
    ** Net operating income increased 13% to 1,143.8 mln kina,
driven by an increase in income from lending activities and
improved currency flows in Papa New Guinea and Fiji
    ** Stock to mark best day since Aug. 9, if gains hold
    ** Shares up 12.7% YTD, as of last close 

($1 = 3.6298 kinas)

 (Reporting by John Biju in Bengaluru)
 ((john.biju@thomsonreuters.com))