Australia's Austco Healthcare climbs on a A$3.9 mln contract
22/05/2023 02:07
** Shares of Austco Healthcare Ltd AHC.AX rise as much as
21.7% to A$0.140, their highest since Feb. 4, 2022
** AHC set for its best day since June 10, 2021, if gains
hold
** Co says it has been awarded a A$3.9 mln ($2.65 mln)
contract to supply its nurse call system for a new aged care
facility in Ontario
** Says construction has already started and is expected to
be completed in 2025; revenue recognition is expected to begin
this FY
** As of last close, stock down 4.1% this year
($1 = 1.4743 Australian dollars)
(Reporting by Himanshi Akhand in Bengaluru)
((Himanshi.Akhand@thomsonreuters.com;))