Australia's Pepper Money jumps on HY profit beat, buyback plans

Pepper Money

29/02/2024 01:05

** Shares of Pepper Money  PPM.AX  rise as much as 5% to
A$1.485, set for their best day since Feb 16, if current trends
hold 
    ** The non-banking lender posts HY underlying NPAT of
A$111.1 mln ($72.13 mln)
    ** Co beats Citi's consensus 
    ** Co to "undertake on-market buyback of up to 10% of
ordinary shares currently on issue"
    ** Stock up over 15% this year, as of last close

    ($1 = 1.5404 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))