Payments firm Cornerstone tops 1-year high on upbeat outlook

Finseta

12/09/2023 09:24

** Shares of payments fintech firm Cornerstone  CSFS.L 
surges as much as 26.8% to 14.9p
    ** Stock hits its highest since July 11, 2022
    ** Co says on track for FY23 performance to be significantly
ahead of expectations, including achieving its first full year
of positive adjusted core profit
    ** CSFS posts profit before tax for the six months ended
June 30 vs year-ago loss; revenue surges 90%
    ** Stock currently up 17%, taking YTD gains to around 129%
 
 ($1 = 0.8016 pounds)

 (Reporting by Aby Jose Koilparambil in Bengaluru)
 ((abyjose.koilparambil@thomsonreuters.com))