ASX-listed Straker Translations gains on reversal to profit, positive outlook

Arbitr

24/11/2022 01:08

** Shares of ASX-listed Straker Translations Ltd  STG.AX 
rise as much as 4.7% to A$1.340, their highest since Sept 23 
    ** The language services provider reports a swing to net
profit after income tax attributable of NZ$2.1 mln ($1.31 mln)
vs loss of NZ$7.6 mln a year ago
    ** Adds HY revenue from ordinary activities is NZ$33 mln, up
42% from a year ago, both by organic and inorganic growth 
    ** Further retains a positive outlook, despite inflationary
pressures and weaker global consumer demand 
    ** Stock posts its biggest intraday pct gain since Nov 4
    ** More than 19,000 shares change hands, vs the 30-day
average volume of 17,000 shares
    ** Stock has fallen 17.4% this year as of last close
($1 = 1.6018 New Zealand dollars)
 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))