Australia's Openpay rises on strong revenue, TTV growth in May

Openpay

14/06/2022 04:31

** Shares of payments co Openpay Group  OPY.AX  rise as much
as 12.1% to A$0.185, mark their biggest intraday gain since Jan.
12
    ** Co posts total transaction volume (TTV) of A$33 mln
($22.92 mln) in May, up 52% vs. prior corresponding period
 urn:newsml:reuters.com:*:nASXFwdXf
    ** Posts May revenue of A$3 mln, up 84% on pcp and says it
was the highest ANZ revenue month on record 
    ** Shares hit their highest since June 10
    ** Volumes are 3.3 times the 30-day average of 258,386
shares
    ** As of last close, stock down 77.2% this year

($1 = 1.4397 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))