Australia's Findi on track for best day in over 1 year on SBI contract

Findi

29/10/2023 23:55

** Shares of Findi  FND.AX  climb as much as 22.3% to
A$0.630, set to see their best day since Aug 9, 2022, if gains
hold 
    ** The tech investment co says it has signed a 10-year
contract with Indian lender State Bank of India  SBI.NS  to
provide 4,219 automated teller machines  urn:newsml:reuters.com:*:nFWN3BY00N
    ** Says contract will general revenue of up to A$620 mln 
($393.02 mln) and earnings before interest, tax, depreciation
and amortisation of between A$250 mln and A$280 mln 
    ** Shares hit highest since March 30 
    ** Findi stock down ~8% this year, as of last close
  
    ($1 = 1.5775 Australian dollars)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))