Australia's Advanced Braking Technology up on annual profit jump

Advanced Braking Technology

24/07/2023 03:41

** Shares of Advanced Braking Technology Ltd  ABV.AX  jump
as much as 7.5% to A$0.043, marking their biggest intraday pct
jump since June 28 
    ** The vehicle braking solutions provider says FY23 net
profit after tax more than doubled to A$1.5 mln ($1.01 mln)
    ** ABV posts FY23 revenue from ordinary activities of A$14.7
mln, up 25.1% from a year ago
    ** Stock flat YTD, as of last close
    
($1 = 1.4870 Australian dollars)

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))