Australia's FinTech Chain surges on upbeat full-year profit

FinTech Chain

31/05/2019 06:42

** Shares of FinTech Chain Ltd  FTC.AX  surge as much as
36.7% to A$0.205, post biggest intraday pct gain since May 2
    ** The financial tech services provider posts FY profit
RMB3.8 mln ($550,102.78) vs loss of RMB22.8 mln in the year-ago
period  urn:newsml:reuters.com:*:nASXbVMqL4
    ** FY revenue surges 341% to RMB44.2 mln, mainly due to the
expansion of business in blockchain technology
    ** Stock hits its highest in over a week 
    ** About 2.4 mln shares change hands, compared with 30-day
average volume of 2.3 mln shares
    ** Stock up 212.5% this year, as of last close

($1 = 6.9078 Chinese yuan)

 ((Reuters Messaging:
Devika.Syamnath.thomsonreuters.com@reuters.net))