Australia's Findi rises on contract extension with State Bank of India

Findi

24/10/2022 01:14

** Shares of Australia's Findi  FND.AX  rise as much as 8.9%
to A$0.49, their highest since Sept 12
    ** The tech investment co received notice from the State
Bank of India (SBI)  SBI.NS  that a contract for the supply of
3912 ATMs into several states in India has been extended until
Dec 31, 2023  urn:newsml:reuters.com:*:nASX8lq3Gd
    ** Says contract extension is expected to improve FY23
revenue by A$8 mln ($5.10 mln)- A$10 mln per quarter
    ** Adds that co is well-positioned to retain ATM supply
contract with SBI beyond 2023
    ** Stock posts its biggest intraday pct gain since Sept 21
    ** Findi stock down 16.7% this year, as of last close
    ($1 = 1.5684 Australian dollars)
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))