Australia's Moneyme rises on upbeat trading update, outlook

Moneyme

31/01/2023 24:29

** Shares of Australia's Moneyme  MME.AX  rise as much as
19.6% to A$0.335, their highest since Dec. 6, 2022
    ** The digital financial services firm announces a statutory
net profit after tax of over A$8 million ($5.64 million) for the
first half, compared with a loss of A$19 mln in the same period
last year
    ** Co posts record gross revenue of A$117 mln for 1H, up
over 140% from the previous comparable period
    ** Expects positive statutory NPAT for FY23 and gross
revenue higher than A$220mln
    ** Stock fell 88.9% in 2022
($1 = 1.4172 Australian dollars)
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))