Australia's CPT Global hits over 5-yr high on Q1 profit

CPT Global

27/10/2020 02:29

** IT consulting services provider's shares  CGO.AX  surge
as much as 114.7% to A$0.365, their highest since Aug. 18, 2015
    ** Co posts Q1 profit before tax of A$1.9 mln vs loss before
tax of A$0.3 mln a year earlier, helped by strong performance of
its U.S. and Australia businesses  urn:newsml:reuters.com:*:nASX8QHKhL
    ** Co says Q1 profit before tax was more than double the
figure for the whole of FY20
    ** Stock posts its biggest intraday percentage gain since
Aug. 5
    ** About 1.3 mln shares change hands, compared with the
30-day average volume of about 65,600 shares
    ** Stock has fallen 24.4% this year, as of last close
    
    

 (Reporting by Nikhil Subba in Bengaluru)
 ((Nikhil.Subba.thomsonreuters.com@reuters.net))