Australia's QuickFee jumps most in nearly 2 months on robust revenue growth

Quickfee

19/04/2023 01:56

** Shares of QuickFee Ltd  QFE.AX  rise as much as 13% to
A$0.061, their best intraday gain since Feb. 21
    ** Fintech firm says Q3 revenue across business divisions
logged strong double-digit percentage growth, with its Australia
financing revenue up 44%
    ** "Challenging economic conditions typically drive demand
for lending products, and this is exactly what we are seeing in
both the U.S. and Australian markets" - QFE's Non-executive
Chairman Dale Smorgon
    ** Trading volumes cross 2x the 30-day average, with about
227,000 shares traded so far
    ** As of last close, stock down 6.9% YTD

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))