Australia's Skyfii hits over 2-week high on contract win, robust outlook

Beonic

10/11/2021 01:20

** Shares of Skyfii Ltd  SKF.AX  climb as much as 10.5% to
A$0.105, their highest since Oct. 25
    ** Data analytics provider signs https://www.asx.com.au/asxpdf/20211110/pdf/452sc1gn5vxf70.pdf
 multiple contracts for combined value of A$1 mln ($0.7398 mln)
    ** Contracts signed with different airports in the United
States and Australia to provide passenger analytics
    ** Co expects double-digit recurring revenue growth in FY22
    ** SKF's biggest intraday pct gain since Oct 29
    ** Stock had fallen 51.3% this year as of last close

($1 = 1.3517 Australian dollars)
    

 (Reporting by Dhriti Garg in Bengaluru)
 ((dhriti.garg@thomsonreuters.com))