Australia's Beam Communications rises on higher revenue

Beam Communications Holdings

17/04/2025 03:56

** Shares of Beam Communications Holdings BCC.AX rise 5.3% to A$0.079, set for best day since March 24

** The satellite manufacturer posts 28.3% increase in quarterly total recurring revenue

** Trading volume of nearly 466,000 shares is 9x the 30-day average

** Stock down 8.5% this week, but has gained 21.5% YTD

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((JasmeenAraIslam.Shaikh@thomsonreuters.com;))