OFX Group (ASX: OFX) expects 2HFY24 to be better than 1HFY24 as it focuses on target market expansion

Wed 03 Jan 24, 08:30 AM | Team Kalkine

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Highlights

OFX is an ASX-listed firm which provides online international payment services to business and corporate clients

In 1HFY24, the net operating income of OFX increased by 9.3% YoY to AUD 115.1 million

The company expects the second half of FY24 to be stronger than the first half

OFX Group Limited (ASX: OFX) is a global money services provider which offers foreign exchange and money transfer services across 50 countries to enterprise, consumer and corporate clients. The ASX-listed firm has a presence in nine countries.

The AUD 390.34 million-market-cap company is exposed to risks arising from industry competition, increasing interest rates, forex volatility and regulatory challenges.

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