Australia's DUG Technology soars on strong Q3 results

DUG Technology

01/05/2025 02:19

** Shares of DUG Technology DUG.AX rise 15.1% to A$1.18, their highest level since March 10

** IT services firm says EBITDA for Q3 was US$5.3 million, an increase of 15% on pcp

** Co's total revenue in Q3 was US$16.5 million, a 23% growth on pc

** About 288,361 shares change hands, vs the 30-day average of 285,520

** Stock rose as much as 18.1% earlier in the day, marking its biggest intraday gain since January 12, 2022

** DUG down 26.5% YTD

(Reporting by Adwitiya Srivastava in Bengaluru)

((Adwitiya.Srivastava@thomsonreuters.com))