Australia's Latitude Group set for worst day in five months on poor FY results

Latitude group

17/02/2023 02:37

** Shares of Australia's Latitude Group Holdings  LFS.AX 
fall as much as 5.5% to A$1.28, set to lose most since Sept. 23,
2022
    ** Digital payments and lending firm posts full year revenue
from continuing operations of A$927.8 million ($635.73 million),
a fall of 3.1%
    ** Co's FY net profit plunges 76.6% to A$37.7 mln
    ** Appoints Bob Belan as Managing Director and CEO
    ** Stock hits lowest since December 2022
    ** Stock has jumped 3.8% this year as of last close
    ($1 = 1.4594 Australian dollars)
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))