Australia's Plenti Group jumps most in nearly 2 years on upbeat FY24 outlook

Plenti

24/05/2023 02:35

** Shares of Plenti Group Ltd  PLT.AX  jump as much as 16.9%
to A$0.450, posting their biggest intraday pct gain since July
13, 2021
    ** Fintech co says robust full-year cash NPAT growth
expected in FY24
    ** Says FY24 objective is to grow revenue to over A$200 mln 
($135.66 mln)
    ** Expects to increase focus on driving loan origination
growth as FY24 progresses 
    ** Posts 62.1% jump in FY revenues from ordinary activities
to A$143.5 mln
    ** Reports FY net loss of A$13.6 mln vs A$6.2 mln loss in
FY22
    ** Shares hit their highest level since March 8
    ** PLT stock down 17.2% YTD, as of last close 

($1 = 1.4743 Australian dollars)

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))