Advanced Braking Technology rises on positive quarterly sales; positive FY23 forecast

Advanced Braking Technology

28/10/2022 01:31

** Shares of Australia's Advanced Braking Technology
 ABV.AX  rise as much as 6.7% to A$0.032, their highest since
Aug 29
    ** Vehicle braking solutions co announces quarterly
operating sales of A$3.03 million ($1.95 million) indicating a
12.6% jump, compared with the same period last year  urn:newsml:reuters.com:*:nASX81WyXc
    ** Says Product Sales Margins of 50.5% for the quarter,
reflecting a 7.60% margin increase on pcp
    ** Adds outlook for sales growth remains positive for FY23
    ** Stock has fallen 16.7% this year as of last close
($1 = 1.5518 Australian dollars)
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))