Australia's Raiz Invest jumps most in over 9 months on upbeat revenue, FUM

RAIZ Invest

27/10/2024 23:44

** Shares of Raiz Invest  RZI.AX  rise as much as 10.7% to
A$0.465, their biggest intraday pct jump since Jan 18
    ** The financial services provider hits its highest levels
since Oct 3
    ** Co's Q1 FY25 revenue rises 15.2% to A$5.66 mln ($3.74
mln)
    ** Total funds under management up 31.8% at A$1.51 bln, as
of qtr-end
    ** Says co is in the process of divesting its operations in
Malaysia
    ** Stock up about 5% YTD, as of last close 
   
    ($1 = 1.5133 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))