Purple Group shares fall as tough market hits bottom line
One reprieve was more customers using the financial services firm’s EasyEquities investing platform
24 April 2023 - 11:56
Shares in Purple Group, the owner of EasyEquities, closed 8.87% lower as the business swung into a loss in the six months to end-February amid global market volatility, a tough economic environment and increased expenses.
The group, which makes 80% of its money from investing app EasyEquities, also announced it may go to the market in a rights issue to raise R150m to fund growth for the next three years. ..
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