Australia's DUG Technology climbs after flagging profit boost from data sale

DUG Technology

02/02/2023 24:17

** Shares of tech co DUG Technology Ltd  DUG.AX  rise as
much as 8.8% to A$0.870, their highest since Oct. 21, 2021
    ** Co receives $2.5 mln order from Searcher Seismic Pty Ltd
    ** Says Searcher engaged co for processing and imaging a
seismic survey and order relates to DUG's share in profits from
sale of that data to third parties 
    ** Says sale is expected to increase net profit before tax
with income recognised in Q3 FY23
    ** DUG stock up for a fourth consecutive session
    ** As of last close, stock up ~27% this year
 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))