Australia's OFX dips as HY profit falls

OFX

11/11/2024 23:58

** Shares of OFX Group  OFX.AX  fall 9.2% to A$1.33, set for
their worst trading session since late October, if current trend
holds
    ** Stock hits lowest level since Oct. 21
    ** Business support service provider reports half-yearly
statutory NPAT of A$10.7 mln ($7.04 mln), compared to A$15.8 mln
from the same period last year
    ** Posts net operating income of A$111.2 mln vs A$115.1 mln
last year
    ** Attributes result to subdued business confidence
impacting average transaction values in UK and Canadian
corporate segments
    ** Stock down 11.6% YTD, including session's moves


($1 = 1.5207 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com))