Australia's Tyro Payments rises on raising 2023 profit outlook

Tyro Payments

15/05/2023 01:48

** Shares of Tyro Payments Ltd  TYR.AX  rise as much as 4.5%
to A$1.615 - on track for best day since April 26 if current
gains hold
    ** Payments terminal firm raises 2023 EBITDA forecast to
A$41 mln ($27.81 mln)-A$43 mln from A$37 mln-A$41 mln previously
expected 
    ** Upgrades 2023 gross profit forecast to A$192 mln-A$194
mln from A$187 mln-A$191 mln
    ** Remains optimistic about the outlook for FY24
    ** Stock hits highest level since April 26
    ** Stock up 9.2% this year, as of last close
    
($1 = 1.4743 Australian dollars)

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))