Australia's DDH1 eyes best day on strong FY results

DDH1

26/07/2022 01:38

** Shares of DDH1 Ltd  DDH.AX  climb as much as 22.2%, set
to mark their best day, if gains hold
    ** The drilling services provider posts https://www.asx.com.au/asxpdf/20220726/pdf/45c55tw51ppldq.pdf
 pro-forma FY underlying EBITDA of A$113.6 mln ($78.97 mln), up
10% from a year earlier
    ** Co posts pro-forma FY revenue of A$506.9 mln, up 14% from
a year-ago period
    ** Says outlook for FY23 is positive
    ** Stock hits highest level since June 10
    ** As of last close, DDH down ~43% YTD
    
     ($1 = 1.4384 Australian dollars)

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))