Australia's De.mem leaps to near-3 month high on record cash reciepts

DE.Mem

23/01/2023 24:58

** Shares of water treatment solutions provider De.mem
 DEM.AX  rise as much as 16.7% to A$0.14, their highest level
since Oct. 27
    ** Says quarterly cash reciepts for the December quarter
rose 14% to an all-time high of A$6.7 million  
    ** Adds it expects to maintain "strong top revenue line
growth," with focus on profitability
    ** Stock records best intraday percentage gain since Oct.
27, 2022
    ** DEM fell 48.9% in 2022; up 4.4% YTD as of last close
 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))