New Zealand's Aofrio jumps on robust first-quarter results

Aofrio

23/04/2024 24:22

** Shares of New Zealand's Aofrio Ltd  AOF.NZ  rise as much
as 5.8% to NZ$0.055, their biggest intraday pct gain since Jan
19
    ** Stock hits highest level since April 12
    ** Hardware technology company posts first-quarter revenue
NZ$16.6 mln ($9.83 mln), up 13% 
    ** Maintains 2024 forecast, with revenue in FY24 expected in
range of NZ$70 to NZ$80 mln
    ** Q2 2024 is expected to also show robust growth over Q2
2023 - Aofrio  
    ** Stock down 13.33% YTD, as of last close



($1 = 1.6895 New Zealand dollars)

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))