New Zealand's Harmoney falls on wider FY loss

HarMoney

23/08/2024 05:03

** ASX-listed shares of New Zealand-based consumer-direct
personal lender Harmoney  HMY.AX  fall as much as 20% to A$0.40
    ** Co posts FY net loss attributable of A$13.2 mln (~$9
mln), compared to loss of A$7.6 mln a year earlier
    ** FY revenue from ordinary activities of A$122.5 mln, up
14.4% from a year earlier
    ** Co incurred a one-off A$9.5 mln impairment expense during
the year
    ** About 95,800 shares change hands by 0338 GMT, 8.6 times
the 30-day average
    ** Stock up 2% as of last close

($1 = 1.4890 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))