NZ's AoFrio heads for best day in 8-1/2 months after upbeat outlook

Aofrio

01/09/2025 01:44

** Shares of AoFrio AOF.NZ rise 17.7% to NZ$0.08, heading for their best day since Dec 11, 2024, if current gains hold

** IoT solutions provider hits highest level since August 22

** Says H2 EBITDA performance will be much stronger than H1, although revenue is expected to be in line

** Says it remains on track for continued year-on-year improvements in revenue and earnings

** If co achieves FY25 forecast revenue of NZ$86.0 million ($50.49 million), it will be a record high - co

** Stock down ~23% this year, including the day's move

($1 = 1.7033 New Zealand dollars)

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com;))