Australia's Damstra jumps most in over 3 weeks as HY loss narrows

Damstra Holdings

24/02/2023 03:29

** Shares of Damstra Holdings Ltd  DTC.AX  jump as much as
8.7% to A$0.125, on track for best day since Jan. 31
    ** Workplace services provider posts HY loss after income
tax expense attributable of A$8.3 mln vs loss of A$56 mln a year
earlier
    ** Says HY revenues from ordinary activities up 12.0% to
A$14.8 mln ($10.09 mln)
    ** Expects becoming free cash positive in second half of
FY23 if revenue targets are achieved in remainder of FY23
    ** Stock hits highest since Feb. 7
    ** More than 240,927 shares change hands, vs 30-day average
volume of 193,472 shares
    ** Stock down 11.5% this year, as of last close
($1 = 1.4674 Australian dollars)
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))