Australia's Moneyme set to lose most in 10 months as profit slumps

Moneyme

28/02/2024 24:32

** Shares of consumer lending firm Moneyme  MME.AX  slump as
much as 18.6% to A$0.07, set for biggest daily loss since April
11 - if current losses hold 
    ** Stock hits lowest level since Dec 18
    ** Moneyme posts HY profit from ordinary activities after
tax attributable of A$6.2 mln ($4.06 mln), down 30% y/y
    ** Posts 11% fall in HY gross revenue from ordinary
activities to A$107.5 mln
    ** More than 1.7 mln shares change hands, vs the 30-day
average volume of 1.2 mln shares
    ** Stock up 3.6% this year, as of last close

($1 = 1.5284 Australian dollars)

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))