Australia's OFX Group slumps on downbeat FY results

OFX

20/05/2025 01:47

** Shares of OFX Group OFX.AX fall 34.6% to a record low of A$0.860

** Stock set for its weakest session since October 17, 2024, if current trends hold

** International payments service provider posts a FY statutory net profit drop of 20.6% compared to last year

** Co also posts a 3.4% decrease in revenue from ordinary activities for FY

** OFX is the top loser on the All Ordinaries Index .AORD

** About 1.2 million shares change hands, 4.3x the 30-day average of 284,317 shares

** Stock down 37.1% YTD, including current session's moves

(Reporting by Manasi Dasa in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com))