Australia's Money3 jumps most in nearly 6 months on higher profit forecast

Solvar

17/11/2021 01:02

** Shares of Money3 Corp Ltd  MNY.AX  rise as much as ~8% at
A$3.5, biggest intraday jump since May 20 
    **  The non-banking credit services provider sees FY22
profit at A$50 mln($36.43 mln), up 27% from FY21  urn:newsml:reuters.com:*:nFWN2S71QX
    ** Co also posts ~35% jump in its Q1 revenue of A$45.5 mln 
    ** "Group is experiencing an increase in lending momentum in
the lead up to Christmas" - Chairman Stuart Robertson
    ** Says well positioned to achieve a forecasted loan book of
about A$800 mln by FY22-end
    ** Stock hits highest since Sept. 20; risen ~10% this year
as of last close

($1 = 1.3725 Australian dollars)

 (Reporting by Indranil Sarkar in Bengaluru)
 ((Indranil.Sarkar@thomsonreuters.com;))