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Tyro Payments share price sinks on heavy FY 2020 loss – Motley Fool Australia
The Tyro Payments Ltd (ASX:TYR) share price is sinking lower on Tuesday after posting a heavy loss in FY 2020 because of COVID-19…
The Tyro Payments Ltd(ASX: TYR) share price is sinking lower following the release of its full year results.
At the time of writing the payments company’s shares are down over 4% to $3.27.
How did Tyro perform in FY 2020?
It really was a tale of two halves for the payments company in FY 2020. A strong performance in the first half was undone very quickly in the second when the pandemic hit its customer base extremely hard.
The majority of Tyro’s merchants are small to medium sized enterprise…
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