Australia's Findi set for best day in 1 month on upgraded FY24 forecast

Findi

24/05/2023 03:17

** Shares of Findi  FND.AX  climb as much as 8.7% to
A$0.500, set for their best day since April 19, if gains hold 
    ** The tech investment co says it has hiked its forecast for
revenue and profit after tax for FY24; also introduces new
dividend policy after reporting robust FY23 results 
 urn:newsml:reuters.com:*:nFWN37K181
    ** Co now sees FY24 revenue of A$67.28 mln ($45.64 mln), up
23.4% yearly; profit after tax of A$3.99 mln, up 64.2% on YOY
basis 
    ** Co also expects FY24 earnings before interest, tax
depreciation and amortisation of A$23.61 mln, a 40.6% rise
yearly
    ** Adds new dividend policy will determine six-monthly
payout to shareholders
    ** Shares hit highest in a week 
    ** Findi stock down ~15.2% this year, as of last close

     ($1 = 1.4743 Australian dollars)

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