Australia's Credit Clear surges on strong insurance revenue forecast for FY23

Credit Clear

06/10/2022 03:22

** Shares of Australia's Credit Clear  CCR.AX  rise as much
as 11.6% to A$0.48, their highest since Sept 21
    ** Receivables solution provider expects revenue from
insurance clients to grow 150% in FY23 to A$5.5 mln ($3.58 mln)
 urn:newsml:reuters.com:*:nASXbVn2r3
    ** Co signs four contracts with new and existing insurance
clients
    ** Stock posts its biggest intraday pct gain since Sept 15
    ** Stock flat so far this year, as of last close
($1 = 1.5349 Australian dollars)
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))