Australia's Credit Clear jumps on forecast hike, quarterly results

Credit Clear

29/07/2024 02:15

** Shares of Australia's Credit Clear  CCR.AX  rise as much
as 18.9% to A$0.315, their highest level since late March 2023
    ** Stock posts its biggest intraday pct gain since Feb 26
    ** Technology and debt collection provider expects to record
FY24 underlying EBITDA of A$4 mln ($2.63 mln) vs previous
forecast of in excess of A$3.7 mln
    ** Expects FY24 revenue of A$42 mln ($27.58 mln) vs previous
forecast of being at upper end of A$40 mln to A$42 mln
    ** Co posts June-quarter revenue A$11.5 mln, up 28% on pcp
    ** More than 475,000 shares change hands by 0101 GMT, vs the
30-day average volume of 218,842 shares
    ** Stock up 47.2% YTD, as of last close
($1 = 1.5230 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))