Australia's EML Payments jumps on strong Q1 trading update

EML Payments

25/11/2024 23:55

** Shares of payment solutions platform EML Payments
 EML.AX  rise as much as 31.4% to A$0.900, their highest level
since Aug. 2
    ** Shares last up 24.1%, set for best day since late-August
2023, if current gains hold
    ** Co says Q1 FY25 overall revenue is up 12%, and underlying
EBITDA is up 46% vs pcp
    ** Reaffirms underlying FY25 EBITDA forecast in the range of
A$54 mln ($34.89 mln) to A$60 mln
    ** Trading volumes nearly three times the 30-day avg of 1.3
mln shares
    ** As of last close, stock was down 13.3% YTD


($1 = 1.5475 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com))