Australia's Tyro Payments jumps most in more than 8 months on strong results, outlook

Tyro Payments

29/08/2023 01:53

** Shares of Tyro Payments Ltd  TYR.AX  rise as much as 20%
to A$1.350, marking their best intraday pct gain since Dec. 13,
2022
    ** TYR at its highest level since Aug. 2 this year;
second-biggest gainer in the ASX All Ordinaries index  .AORD 
    ** More than 10.8 mln shares change hands, vs the 30-day
average of 1.8 mln shares
    ** Co logs FY23 total transaction value (TTV) of A$42.60 bln
($27.37 bln); expects FY24 TTV between A$45 bln and A$47.5 bln
    ** FY24 EBITDA forecast between A$52 mln and A$58 mln, up
from FY23's A$42.3 mln
    ** TYR says continued growth expected, driven by
non-discretionary and new verticals, among others
    ** TYR down 20.5% this year, as of last close, vs a 2%
increase in the ASX All Ordinaries index


($1 = 1.5562 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))