Australia's Pioneer Credit jumps most in 14 weeks as HY loss narrows

Pioneer Credit

16/02/2023 02:49

** Shares of Pioneer Credit Ltd  PNC.AX  jump as much as
8.2% to A$0.395, their highest since Nov. 9
    ** Finance services provider narrows HY net loss
attributable to A$1.3 mln ($898,690.00) from a loss of A$22.9
mln a year ago
    ** Posts HY net revenue from ordinary activities at A$38.5
mln versus A$28.4 mln
    ** Says no provision for interim dividend in respect of
half-year ended Dec. 31, 2022
    ** Stock hits highest since Jan. 31
    ** More than 310,288 shares change hands, almost 4 times the
30-day average volume 
    ** Stock up 41.8% this year, as of last close
($1 = 1.4465 Australian dollars)
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))