Australia's Articore Group hits over six-month high on swinging to annual profit

Articore

28/08/2026 01:41

** Shares of Articore Group ATG.AX rise as much as 30.3% to A$0.43, their highest level since February 19
** Owner and operator of global online marketplace posts FY net profit attributable of A$10.9 million ($7.84 million), versus a loss of A$11.3 million from a year before
** Co says it returns to profitability for the first time since listing, outside of the pandemic-driven spike in FY21
** However, co reports FY total revenue from ordinary activities of A$408.5, down 30.1%
** 298,828 shares change hands, 6.1x 30-day average 
** Stock up 59.6% this year, including the day's move
     
($1 = 1.3897 Australian dollars)

(Reporting by Sherin Sunny in Bengaluru)
((Sherin.Sunny@thomsonreuters.com))