Australia's Money3 Corp climbs on strong annual results

Solvar

16/08/2022 03:14

** Shares of consumer and commercial finance co Money3 Corp
 MNY.AX  rise as much as 8.7% to A$2.490, their highest since
May 5
    ** Co posts 31.6% increase in FY net profit after tax to
A$51.6 mln ($36.24 mln)  urn:newsml:reuters.com:*:nASX2yRFc7
    ** Posts FY revenue of A$187.9 mln, up 29.5% 
    ** Declares final dividend of 7 Australian cents per share
    ** "Consumer demand for the group's products continues to
increase, with all three business units expected to produce
record results in FY23" - MNY
    ** Volumes 2.7 times the 30-day average of 191,591 shares
    ** As of last close, stock down 35.5% this year


($1 = 1.4239 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))