Australia's DUG Technology hits 2-1/2-month low on HY profit drop

DUG Technology

28/02/2024 03:04

** Shares of Dug Technology  DUG.AX  fall as much as 29.4%
to A$1.80, their lowest level since Dec 11, 2023
    ** Shares on track for their worst day since Nov 29, if
losses hold 
    ** The technology firm posts HY net profit after tax of $1.3
million, compared with $1.9 million from previous year
    ** Co says HY revenue $30 million, up 23% from previous year
    ** About 2.1 million shares change hands, 6.2 times the
30-day average volume of shares
    ** Stock has risen 34.2% this year, as of last close

    

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))