Australia's Dicker Data jumps most in about 3 months on strong HY results

Dicker Data

04/08/2023 02:16

** Shares of Dicker Data Ltd  DDR.AX  jump as much as 6.9%
to A$8.570, posting their biggest intraday pct gain since May 10
    ** The computer parts distributor posts 9.4% jump in HY
unaudited revenue to A$1,596 mln ($1.05 bln)
    ** Co posts HY unaudited net profit before tax of A$54 mln
vs A$50 mln 
    ** Shares hit their highest level since June 9 
    ** DDR stock down 21.3% YTD, as of last close

    ($1 = 1.5232 Australian dollars)

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))