NZ's Smartpay Holdings hits highest since 2003 on upbeat FY results

Smartpay Holdings

29/05/2023 01:29

** Shares of Smartpay Holdings  SPY.NZ  jump as much as
13.2% to NZ$1.755, their highest level since March 3, 2003
    ** The payments solutions provider posts FY profit after tax
of NZ$8.5 mln ($5.39 mln) vs NZ$2.2 mln reported last year 
    ** Co posts a 62% jump in FY revenue to NZ$77.8 mln 
    ** Shares post their biggest intraday pct gain since Jan 20,
2022 and on track for a second consecutive session of gains, if
trend holds 
    ** SPY stock up 49% YTD, as of last close 
    
    
     ($1 = 1.5763 New Zealand dollars)

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))