NZ's Geneva Finance hits 2-week low as FY profit falls

Geneva Finance

30/05/2024 05:40

** Shares of Geneva Finance  GFL.NZ  fall as much as 1.9% to
NZ$0.260, their lowest level since May 16
    ** Stock on track for fourth session of straight losses
    ** Financial services firm posts 21.1% drop in unaudited
pre-tax profit for FY
    ** Says decline in profit due to higher funding costs and
increased impaired asset expenses
    ** Stock down 24.3% YTD as of last close 
   


($1 = 1.6377 New Zealand dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))