Australia's Humm Group sees worst day in about 4 years on weak HY results

Humm

20/02/2024 24:49

** Shares of Humm Group  HUM.AX  plunge as much as 27% to
A$0.508, set to see their worst day since March 23, 2020 - if
losses hold 
    ** The consumer finance products provider reports HY
normalised cash profit of A$28.1 million  ($18.34 million), down
27% on prior corresponding period due to material rise in
interest rates 
    ** Shares hit lowest since Jan 10 
    ** Around 2.8 mln shares change hands, 3.3 times compared
with the 30-day average volume of 853,006 shares 
    ** Stock has risen 40.4% this year as of last close

($1 = 1.5323 Australian dollars)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))