Australia's Audinate Group hits record high on strong FY results

Audinate

21/08/2023 04:19

** Shares of Audinate Group  AD8.AX  rise as much as 21.4%
to their all-time high of A$12.500
    ** Stock set for best day since Oct 15, 2020, if gains hold
    ** The audio-visual tech co posts FY profit attributable of
A$10.6 mln ($6.79 mln) vs loss of A$4.5 mln last year
    ** Co reports a revenue from ordinary activities of A$69.7
mln, up 50.6% 
    ** Stock up 37.7% this year, as of last close


($1 = 1.5615 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))