New Zealand's Harmoney Corp surges on upgrading forecast, announcing buy-back

HarMoney

29/04/2025 05:52

** ASX-listed shares of New Zealand-based Harmoney Corp HMY.AX rose as much as 28.7% to A$0.650, their highest level since February 24; last up 22.8%

** Stock set for its strongest session since February 20 - if current trends hold

** Online direct personal lender upgrades cash NPAT forecast for FY25 to A$5.5 million ($3.53 million)

** Co also announces share buy-back of up to 5% of its issued capital

** About 57,572 shares change hands, 2.2x the 30-day average of 26,313 shares

** Stock up 69.9% YTD, including current session's moves

($1 = 1.5598 Australian dollars)

(Reporting by Manasi Dasa in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))