Coda Octopus jumps on higher Q3 revenue, profit

Coda Octopus

14/09/2022 15:49

** Shares in Coda Octopus Group  CODA.O  rise more than 7%
to $5.23 in morning trading
    ** Stock set for best day in more than three months, if
gains hold
    ** CODA reports Q3 total revenue of $6.27 mln, up 7.6% from
a year earlier  urn:newsml:reuters.com:*:nGNX41p8DC  
    ** Says revenue from services business jumped 14.2% in the
qtr, helped by improvement in orders 
    ** Co's net profit also increases $1.8 mln, or 16
cents/share, from $1.5 mln, or 14 cents/share, a year earlier 
    ** YTD, stock down ~34% 

 (Reporting by Deborah Sophia in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com;))