Australia's DUG Technology hits all-time high on swing to profit

DUG Technology

28/08/2023 03:59

** Shares of DUG Technology  DUG.AX  rise 11.5% to an
all-time high of A$1.70
    ** Stock posts biggest intraday jump since April 27
    ** Technology co posts FY profit after tax from ordinary
activities of $4.9 mln, vs a loss of $9.3 mln a year ago
    ** Rev from ordinary activities up 51% to $50.9 mln 
    ** Co expects a strong FY24
    ** Shares had already rallied 142% this year through Friday

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))