Australia's Prospa Group rises most in 15 months as FY net loss narrows

Prospa

23/08/2021 06:51

** Shares of Prospa Group Ltd  PGL.AX  jumped as much as
19.6% to A$1.19, their biggest intraday pct gain since May 2020
    ** Fintech says https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02409941-2A1317110?access_token=83ff96335c2d45a094df02a206a39ff4
 FY net loss narrows to A$9.5 mln ($6.80 mln) vs A$24.9 mln loss
last year as demand for loans rose during pandemic 
    ** FY loan originations rose 8.1% to A$483.7 mln as
originations improved over Q2 and Q3 in both Australia and New
Zealand
    ** Q4 originations up 51% from previous qtr at A$183 mln
    ** PGL has risen 17.1% this year, as of last close 

($1 = 1.3968 Australian dollars)

 (Reporting by Aneetta Thomas in Bengaluru)
 ((Aneetta.Thomas@thomsonreuters.com;))