Australia's Novatti Group jumps after revenue nearly doubles

Novatti

31/10/2022 01:02

** Shares of payment services provider Novatti Group
 NOV.AX  rise as much as 8.3% to A$0.195 
    ** Says quarterly sales revenue rises 98% to A$10.5 million 
($6.73 million)  urn:newsml:reuters.com:*:nASX6CFCmF 
    ** Result due to higher processing revenue for quarter,
which rose 123% 
    ** Adds that shift of business from an investment phase to a
monetisation phase is continuing 
    ** Stock down 40% YTD as of last close 
($1 = 1.5601 Australian dollars)
 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))