BUZZ-Australia's OFX dips as HY profit falls

Reuters
12 Nov 2024
BUZZ-Australia's OFX dips as HY profit falls

** Shares of OFX Group OFX.AX fall 9.2% to A$1.33, set for their worst trading session since late October, if current trend holds

** Stock hits lowest level since Oct. 21

** Business support service provider reports half-yearly statutory NPAT of A$10.7 mln ($7.04 mln), compared to A$15.8 mln from the same period last year

** Posts net operating income of A$111.2 mln vs A$115.1 mln last year

** Attributes result to subdued business confidence impacting average transaction values in UK and Canadian corporate segments

** Stock down 11.6% YTD, including session's moves

($1 = 1.5207 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com))

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