Australia's Electro Optic gains after repaying debt on time

Electro Optic Systems Holdings

10/04/2024 04:23

** Shares of Australia's Electro Optic Systems  EOS.AX  rise
as much as 4.6% to A$1.71, their highest since March 27
    ** Co, which operates in the defence and space sector,
repays A$20.5 mln ($13.58 mln) debt as per schedule
    ** This follows a A$26.9 mln repayment in Sept 2023
    ** Stock has risen 57.2% this year, as of last close
 
 ($1 = 1.5092 Australian dollars)

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))