Australia's DXN jumps as co swings to FY profit

Dxn

13/09/2024 02:27

** Shares of DXN  DXN.AX  rise as much as 38.5% to A$0.090,
set for best day since Feb 8, if gains hold     
    ** The data centre manufacturer says it recorded FY EBITDA
of A$0.6 mln ($403,680), turnaround from an EBITDA loss of
A$4.96 mln last year
    ** Co reported a 63.5% jump in annual revenue
    ** Stock hits highest level since Aug 1    
    ** Over 1 mln shares change hands, compared with the 30-day
average volume of 225,995 
    ** DXN stock up 31.5% YTD, as of 0118 GMT

    ($1 = 1.4863 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))