Australia's Austco Healthcare jumps to 8-year high on A$2.6 mln contract
21/08/2023 05:00
** Shares of Austco Healthcare AHC.AX jump as much as
14.3% to A$0.200, highest level since June 26, 2015
** Healthcare communication services provider secures a
A$2.6 mln ($1.67 mln) contract to provide its Tacera Nurse Call
platform to Mount Elizabeth Hospital in Singapore
** AHC says revenue recognition from contract to commence in
FY24 and to be completed in FY25
** Stock has risen 45.8% this year, as of last close
($1 = 1.5615 Australian dollars)
(Reporting by Shivangi Lahiri in Bengaluru)
((Shivangi.Lahiri@thomsonreuters.com;))