Australia's Findi gains on contract extension with Central Bank of India

Central Bank of India

02/10/2024 02:00

** Shares of financial technology provider Findi Ltd
 FND.AX  rise 5% to A$5.0, set for best day since Sept. 25, if
gains hold
    ** Co says its unit has secured a contract from the Central
Bank of India for deployment of an additional 638 ATMs
    ** Findi estimates full deployment of ATMs will result in an
additional A$5-6 mln ($3.44 million-$4.13 million) of annual
revenue and A$2-2.5 mln of annual EBITDA
    ** FND shares have more than quadrupled YTD 

($1 = 1.4539 Australian dollars)
    

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))