Australia's Tyro Payments hits over 1-month high on strong HY results

Tyro Payments

16/01/2023 24:09

** Shares of fintech firm Tyro Payments  TYR.AX  soar as
much as 11% to A$1.520, their highest since Dec. 6, 2022
    ** Co posts HY normalised gross profit A$95.2 mln ($66.40
mln), up 40% on previous corresponding period (pcp)
    ** Reports HY group revenue A$216.6 mln, up 45% on pcp
    ** Says payments transaction value was up 37% on pcp at
A$21.7 bln
    ** Co raises FY23 earnings guidance with forecast
transaction value between A$42.5 bln and A$43.5 bln, from A$40.0
bln to A$42.0 bln
    ** TYR stock down ~50.5% in 2022
($1 = 1.4337 Australian dollars)
 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))