Australia's Tyro Payments hits over 5-month high as FY profit soars

Tyro Payments

26/08/2024 02:27

** Shares of Tyro Payments  TYR.AX  rise as much as 15.3% to
A$1.130, their highest level since March 14
    ** Tech co's statutory net profit after tax increases
four-fold to A$25.7 mln ($17.46 mln) for FY24
    ** Co's revenue from ordinary activities rises 8.2%
    ** Sees gross profit of between A$218 mln and A$226 mln in
FY25, higher than A$210.8 mln in FY24
    ** About 6.5 mln shares change hand compared to 30-day
average trading volume of 1.7 mln shares 
    ** Stock down 11.3% YTD as of last close 
   


($1 = 1.4717 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))