Australia's Prime Financial Group jumps most in about a year on strong FY results

Prime Financial

22/08/2023 04:30

** Shares of Prime Financial Group  PFG.AX  rise as much as
11.9% to A$0.235, set for best day since Sept. 8, 2022, if gains
hold
    ** Professional services firm reports 28% increase in FY
revenue, 11% increase in FY underlying EBITDA
    ** Co expects underlying EBITDA growth of 10%-15% and
dividend growth of 5%-10% for FY24
    ** Stock hits highest level since May 4
    ** PFG has fallen 8.7% YTD as of last close


($1 = 1.5593 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))