ASX-listed Straker Translations climbs on bright outlook, strong earnings

Arbitr

31/05/2022 01:43

** Shares of translation services provider Straker
Translations  STG.AX  climb as much as 5.8% to A$1.195, their
best intraday gain since April 22
    ** STG forecasts 20% revenue growth for the ongoing
financial year  urn:newsml:reuters.com:*:nASXKwG5Q 
    ** FY22 revenue grows 78.5% to NZ$55.9 million ($36.56
million)
    ** Firm reports adjusted EBITDA profit of NZ$0.2 million for
the financial year, compared with an adjusted EBITDA loss of
NZ$0.2 million a year earlier 
    ** Co attributes performance to some key acquisitions during
the year, new investment into sales and marketing 
    ** Stock hits highest level since May 6
    ** STG down 27.1% YTD as of last close 
    



($1 = 1.5288 New Zealand dollars)

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))