Australia's Freelancer hits all-time low on negative results

Freelancer

26/10/2022 05:43

** Shares of Freelancer Ltd  FLN.AX  fall as much as 13.6%
to A$0.2075 to record their lowest of all time  
    ** Payment services company says gross payment volume in
3Q22 was A$242.4 mln ($155.26 mln), down 14.2% compared to
previous year  urn:newsml:reuters.com:*:nASX31CqKH
    ** Says group had negative net operating cash flow of A$3.2
mln for 3Q22 
    ** Says co was affected by the Australian dollar
depreciating against the U.S. dollar in 3Q22 
    ** Co sees biggest intraday fall since Sept 6
    ** More than 371,440  shares trade hand compared to 30-day
average trading volume of 58,090 shares
    ** Shares of co down 56.4% YTD, as of last close 
($1 = 1.5613 Australian dollars)
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))