Australia's Earlypay hits 6-month high on strong results, forecast

Earlypay

24/02/2022 04:04

** Shares of Earlypay  EPY.AX  rise as much as 5.2% to
A$0.505, their highest since Aug 26
    ** The financing solutions provider posts https://www.asx.com.au/asxpdf/20220224/pdf/456b6n3grxt8r9.pdf
 HY adjusted profit after tax attributable of A$7.7 mln ($5.53
mln), up 118% from a year earlier
    ** Posts HY revenue from ordinary activities of A$27.1 mln,
up 24% from a year earlier
    ** Declares interim dividend of 1.4 Australian cents per
security
    ** Co raises FY22 NPATA forecast to more than A$15 mln from
A$14 mln earlier  urn:newsml:reuters.com:*:nASX9N4WzQ
    ** Also expects final dividend of at least 1.8 cents per
security fully franked
    ** Stock set for best session since Feb 2 if gains hold
    ** More than 1 mln shares change hands vs 30-day average of
about 300,000 shares 
    ** Stock up ~10.3% so far this year, as of last close 
    



($1 = 1.3912 Australian dollars)

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))