Australia's Solvar lowest in 6 weeks after HY profit dips

Solvar

15/02/2023 03:06

** Shares of Solvar Ltd  SVR.AX  fall as much as 6.6% to
A$1.83, their lowest since Jan 6
    ** Consumer lender says HY profit from continuing ops after
tax attributable is down 0.4% to A$25.7 mln ($17.87 mln)
    ** Posts HY revenue from continuing ops of A$103.6 mln, up
13.5%
    ** Sees bad debts to be in targeted range of 3.5%-4.5% for
FY 
    ** Stock posts its biggest intraday pct fall since Sept 1,
2022
    ** Stock up 7.1% this year, as of last close
($1 = 1.4384 Australian dollars)
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))