Australia's EML Payments dives to over 2-year low on subdued outlook

EML Payments

26/04/2022 02:03

** Shares of the payment solution provider  EML.AX  sink as
much as 32.7% to A$1.825, their lowest since March 2020
    ** EML Payments slashes its EBITDA outlook for FY22 by about
8% to A$52 mln ($37.37 mln) - A$55 mln  urn:newsml:reuters.com:*:nFWN2WN1B2
    ** Sees overheads spend in H2 heading towards the higher end
of expectations
    ** Says H2 FY2022 below expectations by about A$1 mln-A$2
mln 
    ** Shares see their biggest intraday pct loss since May 2021
    ** Stock is biggest pct loser in the benchmark S&P/ASX 200
index  .AXJO 
    ** More than 5.99 mln shares change hands as compared with
the 30-day average volume of ~2.1 mln shares  
    ** Stock down 16.1% this year, as of last close, vs a 1.9%
decrease in the S&P/ASX 200 index  .AXJO 


    ($1 = 1.3916 Australian dollars)

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))