Adacel Technologies sees worst day in over 3 years on bleak HY profit

Adacel Technologies

20/02/2023 02:38

** Shares of Adacel Technologies Ltd  ADA.AX  fall as much
as 20% to A$0.62, their worst day since July 1,2019, if losses
hold
    ** Air traffic management solutions provider posts profit
for the period attributable of $218,000 for half year, down
77.2% compared to previous year
    ** Co's shares hit their lowest since March 5, 2020
    ** Co records revenue for half year of $14.1 mln, up 11.1%
compared to previous year 
    ** Co declares interim dividend of 1.5 Australian cents per
share
    ** About 344,034 shares change hand compared to 30-day
average trading volume of 18,623 shares 
    ** Shares are down 6.3% YTD as of last close 
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))