Australia's PEXA Group slumps most in 8 months on lower HY results

PEXA

23/02/2023 03:08

** Shares of PEXA Group Ltd  PXA.AX  slide as much as 8.5%
to A$11.95, on track for their worst day since June 17
    ** Online property firm posts HY total comprehensive income
attributable of A$4.1 mln ($2.8 mln) for the period ended Dec.
31 vs A$9.7 mln a year ago
    ** Says HY revenue from ordinary activities is A$140.9 mln
vs A$145.5 mln last year
    ** Co expects FY23 exchange EBITDA margin to be maintained
in 50%-55% range
    ** Also sees continued investment in core business in FY23
    ** Stock hits lowest level since Jan 11
    ** Stock up 9.3% this year, as of last close
($1 = 1.4648 Australian dollars)
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))