Australia's Raiz Invest gains on solid Q2 results

RAIZ Invest

18/01/2024 01:11

** Shares of Raiz Invest  RZI.AX  rise as much as 12.3% to
A$0.41, their highest level since Dec. 15
    ** Micro-investing platform says revenue in Q2 was A$5.47
million ($3.58 million), a 23.2% rise on pcp
    ** Says strong customer growth in Jan 2024, disciplined cost
control and improved unit economics shows positive momentum
leading into 2H FY24  
    ** About 69,000 shares change hands, compared with the
30-day average volume of 38,517
    ** Stock down 8.8% YTD as of last close
 


($1 = 1.5263 Australian dollars)

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))