Australia's Austco Healthcare jumps on surge in nine-month profit

Austco Healthcare

17/04/2024 05:24

** Shares of Austco Healthcare  AHC.AX  rise as much as
10.3% to A$0.215, highest since Feb. 26
    ** Stock posts its biggest intraday jump since Feb. 21
    ** Healthcare communications equipment provider reports a
353% surge in nine-month profit; rev rose 28% in same period
    ** ~725,000 shares traded, well above 30-day avg of 50,423
    ** Stock last up 7.7%, moving to YTD gains of 5%
 
 ($1 = 1.5591 Australian dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))