Ambertech hits over two-week low after Dec results forecast

Ambertech

22/12/2022 03:26

** Shares of audio-video solutions distributor Ambertech
 AMO.AX  fall as much as 4.4% to A$0.325, hit their lowest level
since Dec. 6
    ** Co forecasts net profit before tax (NPBT) for December in
the range of A$1.0 mln-A$1.2 mln ($674,000.00 - $808,800.00)
compared to A$3 mln in December 2021
    ** Sees revenue in range of A$39 mln-A$41 mln vs A$38.3m pcp
    ** Shares dip even as co wins contract with Australian
commercial television network, Network 10 
    ** More than 248,000 shares change hands, compared with the
30-day average volume of about 28,000
    ** Shares down 1.5% YTD as of last close
($1 = 1.4837 Australian dollars)
 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))