News: AFY Afterpay sees underlying retail sales of about $165 mln for two months ending 31 May

May 31 (Reuters) - Afterpay Holdings (AFY)

• Underlying retail sales are estimated to be approximately $165m for two months ending 31 May 2017
• Merger with touchcorp remains on-track and executive teams working well in preparation
• Based on recent monthly sales through afterpay platform, annualised underlying sales is estimated to be greater than $1 billion
• NAB committed receivables funding facility up-scaled from $40 mln to $200 mln on improved pricing terms
• Developing partnerships with Tyro, Bigcommerce, Trade Me and others to materially contribute to further underlying sales growth during H2 2017