Australia's Moneyme jumps most in 4 weeks on HY profit and outlook

Moneyme

28/02/2023 02:51

** Shares of Moneyme Ltd  MME.AX  rise as much as 12.5% to
A$0.225, posting their biggest intraday pct gain since Jan. 31 
    ** Digital financial services firm reports HY profit from
ordinary activities after tax attributable of A$8.8 mln ($5.93
mln), compared to a loss of A$18.7 mln a year earlier
    ** Posts HY gross revenue from ordinary activities of
A$121.1 mln, compared with A$48.0 mln a year earlier
    ** Co expects statutory profit to continue into FY23, adds
revenue is expected to exceed A$220 mln in FY23
    ** More than 746,000 shares change hands, vs the 30-day
average volume of 453,000 shares
    ** Stock had fallen 18.4% this year, as of last close
    
($1 = 1.4828 Australian dollars)

 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))