Australia's Prospa climbs as Q3 trading shows signs of post-pandemic recovery

Prospa

23/04/2021 04:43

** Prospa Group  PGL.AX  rises as much as 8.8% to A$0.928,
hitting its highest since March 2
    ** The lender for small businesses says total loan
originations returned to pre-COVID-19 levels faster than
expected, with Q3 originations of A$121 mln ($93.45 mln), up 20%
Q/Q and flat Y/Y  urn:newsml:reuters.com:*:nASXbVbJsh
    ** PGL's total revenue before transaction costs for qtr was
A$28.5 mln, up 3% Q/Q; says growth in revenue signals a
post-pandemic turnaround point for the business
    ** Stock posts its biggest intraday percentage gain since
Feb. 8
    ** More than 85,000 shares change hands, compared with the
30-day average volume of about 27,000
    ** Stock flat this year, as of last close


($1 = 1.2948 Australian dollars)

 (Reporting by Rashmi Ashok in Bengaluru)
 ((Rashmi.Ashok@thomsonreuters.com; +918061822604;))