UK's TruFin gains on upbeat outlook
13/05/2024 08:56
** Shares of TruFin Plc TRU.L rise as much as 11.6% to
82p, their highest since June 2022
** Software services provider sees FY24 trading performance
to be "significantly ahead" of market expectations
** Group, which focuses on early payment provision, invoice
finance and mobile games publishing businesses, now expects to
be core profit positive for full year
** TRU says robust performance driven by unit Playstack
Ltd's launch of poker-themed game Balatro, and newly-launched
Abiotic Factor, which surpassed 250,000 units sold in first
eight days of sales
** Stock up 9.5% as of 0751 GMT, taking YTD gains to ~59%
(Reporting by Aby Jose Koilparambil in Bengaluru)
((abyjose.koilparambil@thomsonreuters.com))