OzForex shares slide on FY results

Shares in online currency exchange site lose 12% in early trade as full-year profit declines.

OzForex Group (OFX) shares have plunged more than 12% after the release of the group's first full-year results since listing on the Australian Securities Exchange last October.

At 11.05am (AEST) Oz Forex shares were 12.23% lower at $2.87, against a slight benchmark index increase of 0.01%.

Shares in the online currency exchange site earlier hit their lowest point since January 15, touching $2.82. 

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