Australia's Judo Holdings posts biggest jump in 9 months on results, outlook

Judo Capital Holdings

25/08/2022 04:52

** Shares of banking products and services company Judo
Capital Holdings Ltd  JDO.AX  rise as much as 9.4% to A$1.335,
biggest jump since 2 November 2021 - if gains hold
    ** FY22 net interest income doubles to A$169.8 mln  ($117.82
mln)from A$84.5 mln last year on increase in gross loans and
advances  urn:newsml:reuters.com:*:nFWN3002XR
    ** Pro forma profit before tax swings to A$15.6 Mln from a
loss Of A$7.2 Mln last year due to sustained lending growth and
improvements in underlying net interest margins 
    ** FY22 underlying net interest margin at 2.79% 
    ** Co expects underlying net interest margin to be over 3%
in FY23 
    ** Shares at their highest since Aug. 16
    ** More than 1.2 mln shares change hands, versus 30-day
average volume of about 874,000 
    ** Shares down 42.7% YTD, as of last close 

($1 = 1.4411 Australian dollars)

 (Reporting by John Biju)
 ((John.Biju@thomsonreuters.com;))