Money3 Corporation upgrades net profit

Company News

by Rachael Jones

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$2.960 -$0.031 -1.04%
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Last Updated: 21/02/2020 1:20 PM

Money3 Corporation (ASX:MNY) has upgraded its net profit after tax guidance for the year ended 30 June 2018 to approximately $32 million.

The Company anticipates the final dividend will be at least 4.5 cents per share and will be announced at the time of the financial results release.

The Company does not intend to conduct an equity capital raising at this time.

Founding member of the company Kang Tan will retire his position when the FY2018 financial results are announced.

Shares in Money3 Corporation (ASX:MNY) is trading 4.95 per cent higher to $2.12.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.