Australia's Damstra Holdings rises after Q2 results

Damstra Holdings

27/01/2023 24:56

** Shares of Damstra Holdings Ltd  DTC.AX  rise as much as
16.7% to A$0.140, their biggest intraday pct gain since Oct. 27
    ** Workplace management solutions provider reports Q2
revenue of A$7.6 mln ($5.41 mln) vs A$7.4 mln reported last qtr
    ** Posts Q2 EBITDA margin of 19% vs 5% in the prior
corresponding period
    ** Adds it achieved its annualised cost savings target of
A$8 mln in the qtr
    ** More than 379,306 shares change hands, 3.5 times the
30-day average volume of 109,521 shares
    ** Stock down 7.7% YTD, as of last close
($1 = 1.4057 Australian dollars)
 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))