Australia's Prospa Group climbs on strong Q4 results

Prospa

29/07/2022 04:17

** Shares of financial tech co Prospa Group  PGL.AX  rise as
much as 19.2% to A$0.930, mark their biggest intraday gain since
Aug 23, 2021
    ** Co says Q4 revenue rose 61% on pcp to reach A$53.9 mln
($37.70 mln)  urn:newsml:reuters.com:*:nASX71mN0r
    ** Says Q4 active customers increased 35% on pcp to reach
16,100 
    ** Posts FY22 EBITDA of about A$12 mln, up from A$0.5 mln in
FY21
    ** Says FY credit losses expected to remain within the
board-mandated loss rate range of 4% to 6%
    ** Shares hit their highest since March 18
    ** Volumes are 2.4 times the 30-day average of 94,994 shares
    ** As of last close, stock up 8.3% this year

    ($1 = 1.4296 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))