Australia's PEXA Group rises on higher margins forecast

PEXA

21/08/2024 07:02

** Shares of PEXA Group  PXA.AX  rise as much as 5.2% to
A$14.30, their highest since Aug. 1
    ** Digitial property settlements platform sees FY25 group
operating EBITDA margin rising to more than 34% vs 33.5% in FY24
    ** Co sees FY25 group business revenue growth of 13-19%
    ** Says, FY24 group statutory loss after tax reduced to A$18
mln ($12.14 mln) from loss of A$21.8 mln a year ago
    ** About 430,900 shares traded by 0548 GMT - 1.4x the 30-day
average
    ** Stock has risen ~24% YTD

($1 = 1.4830 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))