Australia's OFX hits highest in over 6 yrs on profit jump

OFX

17/05/2022 02:31

** Shares of OFX Group Ltd  OFX.AX  jump as much as 10.9% to
A$2.75 - hit their highest since Feb 2016
    ** The international payments service provider posts
statutory net profit after tax up 102.4% to A$24.5 mln
 urn:newsml:reuters.com:*:nFWN2X81PT
    ** Says FY turnover of A$33.2 bln ($23.20 bln), up 32.7%
    ** Co sees net operating income for 2023 of A$200 mln to
A$212 mln, and underlying EBITDA of A$55 mln to A$60 mln 
    ** Shares on track for best day since Dec 2020
    ** Stock up ~7% this year, as of last close


($1 = 1.4310 Australian dollars)

 (Reporting by Indranil Sarkar in Bengaluru)
 ((Indranil.Sarkar@thomsonreuters.com;))