Australia's Findi climbs on extending SBI ATM outsourcing contract

Findi

03/11/2023 02:50

** Shares of financial services provider Findi  FND.AX  rise
as much as 18.6% to A$0.830 - their highest since Dec. 2, 2021
    ** Co says existing State Bank of India (SBI)  SBI.NS  ATM
outsourcing agreement, which was due to expire on Dec. 31, has
been extended until Sept. 30, 2024
    ** Adds extended SBI contract expected to deliver A$27 mln 
($17.37 mln) to A$29 mln in revenue and A$9-A$10 mln in EBITDA
over the 9-month period to Sept. 30, 2024
    ** Trading volumes 3.8 times the 30-day average of 63,893
shares
    ** As of last close, stock up 25% this year


($1 = 1.5545 Australian dollars)

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