Australia's QuickFee rises on strong trading update

Quickfee

20/11/2022 23:57

** Shares of QuickFee Ltd  QFE.AX  gain as much as 7.6% to
A$0.071, biggest intraday pct gain since Oct 19 
    ** The online payments and financing solutions provider says
Q2 to-date U.S. Pay Now total transaction value (TTV) up 38% vs
Oct 1, 2021 to Nov 15, 2021
    ** Says Q2 to-date U.S. Financing TTV up 19% vs 1 Oct 2021
to 15 Nov 2021
    ** Says Q2 to-date Australia Financing TTV up 52% vs 1 Oct
2021 to 15 Nov 2021
    ** Says on track to achieve run-rate profitability by end of
FY23
    ** Shares touch their highest since Oct 27
    ** Stock has fallen 60% this year as of last close 
 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))