Australia's OFX Group rises on upbeat quarterly income

OFX

24/07/2025 02:32

** Shares of OFX Group OFX.AX rise 8.4% to A$0.835, their highest since May 21

** Stock on track for best day since May 19, if gains hold

** International payments service provider posts quarterly net operating income of A$54.9 million ($36.3 million), up 11.3% from previous quarter

** About 1.3 mln shares change hands, 1.6x the 30-day average of 827,201

** Stock down nearly 41% YTD, including moves in current session

($1 = 1.5138 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((JasmeenAraIslam.Shaikh@thomsonreuters.com;))