NZ-based Harmoney jumps as qtrly loan originations soar

HarMoney

14/10/2021 24:35

** Shares of Harmoney Corp  HMY.NZ  rise as much as 10.7% to
NZ$1.97, their biggest intraday pct gain since July 14
    ** The online direct personal lender posts a nearly
five-fold rise in Sept qtr new originations to NZ$60 mln ($41.78
million)
    ** Says it achieved breakeven on proforma cash NPAT for the
qtr
    ** Adds that its Australia business posted an 885% jump in
new customer originations to A$31 million
    ** About 30,000 shares change hands, compared with 30-day
average volume of 12,000 shares
    ** Stock down 42.6% this year, as of last close


($1 = 1.4360 New Zealand dollars)

 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.mishra@thomsonreuters.com))