Australian lending firm Plenti jumps most in 5 months on strong Q2

Plenti

24/10/2023 24:56

** Shares of Plenti Group  PLT.AX  soar as much as 14.3% to
A$0.4, marking their biggest intraday pct jump since May 24
    ** PLT at its highest level since July 24
    ** PLT, which offers automotive, renewable energy and
personal loans, says loan portfolio was A$1.99 bln ($1.26 bln)
at Q2-end, 29% higher than a year ago
    ** Q2 loan originations A$292 mln, a rise of 9%
    ** Says 90+ day arrears - delay in loan repayments for more
than 90 days - stood at 0.45% at Q2-end, down from 0.49% at
Q1-end
    ** PLT down 24.7% this year, as of last close

($1 = 1.5785 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))