Australia's Ambertech marks best day ever on robust HY outlook

Ambertech

23/10/2020 03:45

** Shares of audio visual equipment distributor Ambertech
Ltd  AMO.AX  surge nearly three-fold to A$0.350, in their record
intraday pct gain 
    ** Co sees revenue in a range of A$34 mln to A$38 mln 
($24.21 mln to $27.06 mln) for the half year ending Dec. 31,
compared with A$26 mln earned a year earlier  urn:newsml:reuters.com:*:nFWN2HD1JE
    ** Co sees profit before tax in a range of A$2.4 mln to
A$2.8 mln, compared to a loss of A$1.8 mln a year earlier
    ** Stock hits highest level since April 14, 2011 
    ** About 7.6 mln shares change hands, compared with the
30-day average vol of 70,450 shares    
    ** As of last close, stock up 33.3% this year
($1 = 1.4043 Australian dollars)

 (Reporting by Shriya Ramakrishnan in Bengaluru)
 ((Shriya.Ramakrishnan@thomsonreuters.com;))