Australia's Harmoney Corp rises as full-year revenue surges 47%

HarMoney

01/08/2023 05:15

** Shares of Harmoney Corp Ltd  HMY.AX  rise as much as
21.3% to A$0.45, set to gain most since Jan 5, if trend holds   
  
    ** The consumer-direct personal lender says its full-year
revenue grew 47% to A$107 mln ($71.68 mln) on account of loan
book growth  urn:newsml:reuters.com:*:nFWN39H2D8 
    ** Co reports FY23 net profit after tax of A$4.7 mln vs
A$0.2 mln in the previous corresponding year due to existing
customer originations
    ** Says FY23 net interest margin in line with the co's
target level at 9.6%
    ** Around 234,500 shares change hands, compared with the
30-day average volume of 17,120 
    ** Stock down ~13.8% this year, as of last close
    
     ($1 = 1.4928 Australian dollars)

 (Reporting by Aishwarya Nair in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))