Australia's IXUP hits more than 2-1/2-year low on bleak HY results

Dataworks

23/02/2023 04:38

** Shares of IXUP Ltd  IXU.AX  drop as much as 20% to
A$0.020, hitting their lowest level since Aug. 5, 2020
    ** Tech firm posts a half-yearly loss after income tax
expense attributable of A$21.4 mln ($14.62 mln), compared with
loss of A$6.7 mln year ago
    ** Says HY revenues from ordinary activities fell 13.9% to
A$351,682
    ** Shares record their biggest intraday pct loss since June
23, 2022
    ** Stock has fallen ~22% this year, as of last close   
($1 = 1.4641 Australian dollars)
 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))