Australia's Decmil leaps most in over 2 months on swinging to profit

Decmil

19/04/2023 02:02

** Shares of engineering and construction services provider
Decmil Group  DCG.AX  soar as much as 21.2% to A$0.20, their
best intraday gain since Feb. 7
    ** Says Q3 net profit was A$0.6 million ($404,160.00),
compared with a loss of A$0.5 million in Q2 
    ** Expects about 30% revenue growth for the financial year 
    ** Adds it has A$205 million of work in the late stages of
negotiations 
    ** Stock hits highest level since March 8
    ** Trading volumes near 3 times the 30-day average, with
about 322,000 shares traded so far
    ** YTD, DCG down 5.7% as of last close


($1 = 1.4846 Australian dollars)

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))