Australia's Advanced Braking Tech hits 4-year high on positive results

Advanced Braking Technology

30/07/2024 03:45

** Shares of Advanced Braking Technology  ABV.AX  climb as
much as 7.7% to A$0.070, hitting their highest since early July
2020      
    ** The vehicle braking solutions provider reports a
year-to-date net profit after tax of A$1.7 mln ($1.11 mln), up
10.6% from prior corresponding period on higher revenue and
management of operating costs  
    ** Co posts FY normalised revenue of A$15.2 mln, up 14.2% on
PCP
    ** About 1.1 mln shares change hands, 2.8 times compared
with the 30-day average volume of 404,484 shares 
    ** Stock up 25% this year, as of last close


($1 = 1.5284 Australian dollars)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))