New Zealand's AoFrio rises on strong half-year results

Aofrio

22/07/2024 04:34

** Shares of AoFrio  AOF.NZ  rise as much as 9.4% to
NZ$0.058, their highest since July 1
    ** Stock posts its biggest intraday gain since April 23
    ** Commercial refrigeration technology firm posts 41%
revenue growth in March quarter to NZ$21.8 mln ($13.08 mln)
    ** Says revenue grew 27% in the six months ended June 30 to
NZ$38.4 mln
    ** Adds co recorded EBITDA profit of NZ$1.1 mln for half
year, compared to loss of NZ$0.7 mln in the previous year
    ** Stock has fallen 11.7% this year as of last close


($1 = 1.6667 New Zealand dollars)

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))