Australia's MyState rises on strong Q1 profit
19/10/2022 01:37
** Shares of MyState MYS.AX rise as much as 4.6% to
A$4.32, their highest since Aug 29
** The bank posts Q1 net profit after tax of A$9.7 mln
($6.12 million), up 41% on previous corresponding period (pcp)
** Says Q1 home loan book came in at A$7.3 bln, up 6.9% on
pcp
** Stock down ~18.5% this year as of last close
($1 = 1.5848 Australian dollars)
(Reporting by Upasana Singh in Bengaluru)
((Upasana.Singh@thomsonreuters.com))
Recent news on MyState
See all newsBrief: Mystate Says Sandra Birkensleigh To Retire As Chair
Brief: MyState Posts H1 Operating Income AUD 40.9 Million
Morningstar says cost savings from Auswide merger to boost profit growth for Australia's MyState
Brief: Mystate Says FY Adjusted Net Income AUD 41.3 Million
Brief: Mystate Limited And Auswide Bank Merger Implemented