Australia's Plenti Group set for best day in two weeks on quarterly update

Plenti

20/07/2022 01:46

** Shares of Plenti Group  PLT.AX  climb as much as 5.6% to
A$0.665, set for best day since July 8, if gains hold
    ** The fintech firm says loan portfolio, key driver of
revenue, increased to A$1.44 bln ($994.32 mln) by June 30, up
90% from last year  urn:newsml:reuters.com:*:nASX548MhK
    ** Co records quarterly loan originations of A$289 mln, up
35% of PCP 
    ** Adds that co continued to be cash-NPAT-positive in the
qtr
    ** Plenti stock down 51.5% this year, as of last close

     ($1 = 1.4482 Australian dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))