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Wise forecasts up to 20% underlying income growth this year

By Thomson Reuters Jun 13, 2024 | 1:29 AM

LONDON (Reuters) – British money transfer company Wise forecast 15% to 20% growth in underlying income this year, a slowdown on the 31% seen in the year to end-March, when it was boosted by customer growth and higher interest rates.

The company on Thursday reported underlying pretax profit of 242 million pounds ($309 million) in its 2024 financial year on income of 1.2 billion pounds.

($1 = 0.7827 pounds)

(Reporting by Paul Sandle; editing by James Davey)