Australia's Earlypay hits over 6-year low on withdrawing forecast

Earlypay

23/12/2022 24:07

** Shares of Earlypay Ltd  EPY.AX  fall as much as 40.6% to
A$0.19, their lowest since Aug. 23, 2016
    ** Financial products and service provider withdraws
earnings and dividend guidance for FY23  urn:newsml:reuters.com:*:nASX3s0Rrt
    ** Co states "uncertainty" over A$29 mln ($19.35 million)
credit to be recovered from co's largest creditor RevRoof Pty
Ltd, a roofing contractor in Australia  urn:newsml:reuters.com:*:nASXtyhYG 
    ** Says RevRoof is co's largest single borrower exposure
    ** Shares sees biggest intraday fall since May 13, 2020 if
losses hold 
    ** Stock are down 26.4% YTD as of last close 
($1 = 1.4988 Australian dollars)
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))