Australian lender Resimac Group gains on higher AUM

Resimac

02/08/2024 04:08

** Shares of Resimac Group  RMC.AX  up 2.3%, set for best
one-day gain since July 24
    ** Non-bank lender's AUM edged up to A$14 bln ($9.10 bln) at
June end from A$13.8 bln from a year earlier
    ** It expects FY24 normalised profit (excl FV movements on
derivatives) to drop to A$42–A$44 mln from A$73.7 mln last year
    ** Trading vol about 1.4x the 30-day avg
    ** Stock fallen 16.3% this year, as of last close
 
 ($1 = 1.5382 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))