NZ's Wellington Drive Technologies gains most in over 2 months on Q4 rev growth

Aofrio

14/02/2019 23:00

** Shares of Wellington Drive Technologies Ltd  WDT.NZ  rise
as much as 9.1 pct to NZ$0.240, their biggest intraday pct gain
since Dec. 6, 2018 
    ** Electronically commutated motor manufacturer reports 43
pct growth in fourth-quarter revenue at $11.9 mln  urn:newsml:reuters.com:*:nFWN2091K4
    ** Co expects 2019 to have further profit expansion with
EBITDA higher than 2018
    ** Stock hits its highest since Feb. 7 
    ** More than 171,000 shares change hands, compared with the
30-day average volume of about 88,000 
    ** As of last close, stock has risen about 13 pct this year

 ((Reuters Messaging:
abyjose.koilparambil.thomsonreuters.com@reuters.net))