Australia's Butn jumps most in 2-1/2 weeks on robust start to FY23

Butn

29/08/2022 02:47

** Shares of B2B payments platform Butn Ltd  BTN.AX  jump as
much as 8.33% to A$0.130, their sharpest intraday pct jump since
Aug 12 
    ** Co says strong start to FY23 with material origination
and revenue growth expected throughout the year  USN/Link 
    ** Posts FY23 record monthly originations in July of A$1.5
mln ($1.03 mln), up 58% from last year 
    ** Says FY23 July revenue margins were up 2.3%, compared
with FY22's margin of 2% 
    ** Stock down 64.7% this year, as of last close, versus a
4.6% decrease in the benchmark S&P/ASX 200 index  .AXJO  


     ($1 = 1.4586 Australian dollars)
    

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))