Aussie Broadband eyes best day on strong HY results

Aussie Broadband

23/02/2024 03:21

** Shares of Aussie Broadband  ABB.AX  up 19.6% at A$4.57,
on track for their best day, if gains hold 
    ** Shares mark their highest level since May 3, 2022
    ** The telecom firm reports HY net profit after tax
attributable of A$9.8 mln ($6.44 mln), up 14.6% y/y
    ** Co says HY revenue from ordinary activities A$445.9
million, up 17.7%
    ** About 6.2 million shares change hands, 7.7 times the
30-day average volume of shares
    ** Stock has fallen 2.1% this year, as of last close

   ($1 = 1.5225 Australian dollars)

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