Australia's DXN rises on exiting Sydney Olympic Park data centre

Dxn

10/04/2024 04:58

** Shares of DXN  DXN.AX  rise as much as 8.3% to A$0.026,
posting their biggest intraday pct gain since March 21
    ** Modular data centres operator says it has completed exit
from SYD01 data centre at Sydney Olympic Park 
    ** Says exiting the data centre saves co about A$1.4 mln
($927,220) per annum in lease costs and related expenses over
the remaining nine years of the lease
    ** Stock down 20% YTD, as of last close

($1 = 1.5099 Australian dollars)

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))