Australia's Ambertech eyes best day in 2-1/2 years on upbeat outlook

Ambertech

23/11/2023 05:01

** Shares of Ambertech Ltd  AMO.AX  rise as much as 21.4% to
A$0.255, set for their best day since Feb 25, 2021 
    ** Stock hits highest since July 20 
    ** The audio-video solutions distributor sees 1H24 revenue
in range of A$47.0 mln to A$50 mln ($30.59 mln- $32.54 mln),
sequentially higher from 2H23 revenue of A$40.5 million  
    ** Sees 1H24 net profit after tax (NPAT) in range of A$1.5
mln to A$1.9 mln, compared with a profit of A$0.7 mln 
    ** About 231,881 shares change hands, compared with the
30-day average volume of 14,321
    ** Stock down 30% this year, as of last close 

   ($1 = 1.5366 Australian dollars)

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com;))