OFX Group (ASX: OFX) expects underlying EBITDA of AUD 63-74mn in FY24.

Mon 13 Nov 23, 12:49 PM | Team Kalkine

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Highlights

OFX Group Limited (ASX: OFX) is an ASX-listed firm which provides international money services. It has presence in nine countries. The company offers money transfer and foreign exchange services across over 50 countries to enterprise, consumer and corporate clients. Established in 1998, OFX’s present market capitalization is AUD 385.36 million.

In the financial year 2023 (FY23), the company delivered record performance as the underlying EBITDA increased by 40.3% YoY to AUD 62.4 million, net operating income surged by 45.6% YoY to AUD 214.1 million and turnover jumped 17.9% YoY to AUD 39.1 billion.

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