Australia's OFX Group climbs to 8-month high on upbeat FY results

OFX

21/05/2024 02:26

** Shares of OFX Group  OFX.AX  rise as much as 10.9% to
A$1.88, set for their best day since May 23, 2023, if gains hold
    ** Stock hits highest level since Sept 19, 2023
    ** The international payments services provider posts
full-year net operating income of A$227.5 mln ($151.74 mln), up
6.3% on pcp       
    ** Says underlying EBITDA was A$64.6 mln for the year, up
3.4% from the previous corresponding period
    ** About 570,879 shares change hands, compared with the
30-day average volume of 295,013
    ** Stock has risen 12.6% this year, as of last close

   ($1 = 1.4993 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))