Australia's DDH1 jumps most in over two months on upbeat annual outlook

DDH1

23/07/2021 02:26

** Drilling services provider DDH1 Ltd  DDH.AX  rises as
much as 7.3% to A$1.18, in their biggest intraday pct gain since
May 17
    ** Says https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02398339-6A1042054?access_token=83ff96335c2d45a094df02a206a39ff4
 expects full-year pro-forma EBITDA to be A$74.8 mln ($55.23
mln), 7.9% higher than the A$69.3 mln forecast in its IPO
prospectus
    ** Adds it expects pro-forma EBIT to be A$51.1 mln
    ** Says improved performance mainly due to revenue exceeding
forecast by about 5%; A$2.3 mln additional training incentives
received
    ** DDH hits highest since July 2; set to add 5% for the week
    ** More than 371,000 shares change hands, vs the 30-day
average of about 177,000 shares
    ** DDH up 30% since March 9 debut on ASX, as of last close

($1 = 1.3543 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com;))