Australia's DDH1 hits nine-month high on robust HY prelim results

DDH1

06/02/2023 24:41

** Shares of drilling services provider DDH1 Ltd  DDH.AX 
advance as much as 4.6% to A$1.030, hitting their highest since
April 27
    ** Reports prelim 1H 2023 operating earnings before
interest, tax, depreciation and amortisation of A$65.6 million
($45 million), up 15.9% from a year earlier  urn:newsml:reuters.com:*:nFWN34L02X
    ** Posts 15.7% jump in HY revenue to A$286 million; says
outlook for FY23 is positive 
    ** Shares see best day since Feb 1 
    ** Stock has risen ~10.7% this year, as of last close
($1 = 1.4474 Australian dollars)
 (Reporting by Archishma Iyer in Bengaluru)
 ((Archishma.Iyer@thomsonreuters.com;))