Advanced Braking eyes best day since July 2020 on sales jump, optimistic outlook

Advanced Braking Technology

26/01/2023 23:33

** Shares of Australia's Advanced Braking Technology
 ABV.AX  rise as much as 35.1% to A$0.05, set to gain most since
July 2020 if gains hold
    ** The vehicle braking solutions co says operating sales of
A$3.96 million ($2.82 million) for quarter, up 50.8% as compared
to the second quarter previous year
    ** Says outlook for sales growth remains positive for FY23
    ** Adds that it is optimistic for the next couple of
quarters
    ** Stock jumped 11.1% in 2022
($1 = 1.4051 Australian dollars)
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))