Australia's Credit Clear set for best gains in 4 weeks on Q4 revenue jump

Credit Clear

28/07/2023 03:15

** Shares of Credit Clear Ltd  CCR.AX  jump as much as 7.3%
to A$0.22, set to gain most since June 29, if trend holds 
    ** Technology and debt collection provider posts
fourth-quarter revenue of A$9.1 mln ($6.09 mln), up 6% on prior
corresponding period 
    ** Says strong new sales momentum with 75 clients added in
the quarter is expected to be worth A$2.2 mln in potential
revenue
    ** Stock hits highest level since July 21
    ** More than 354,412 shares change hands, twice the 30-day
average volume 
    ** Stock down 50% this year, as of last close



($1 = 1.4950 Australian dollars)

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))