Australia's Enero Group jumps most in two months on quarterly results

Enero

20/10/2022 03:44

** Shares of Enero Group  EGG.AX  gain as much as 7.2% to
A$2.990, set for their best day since Aug. 12 - if gains hold 
    ** The marketing services provider reports a Q1 FY23 revenue
of  A$61.8 million ($38.56 million), a 35.5% jump from the
previous year, driven by its Creative Technology and Brand
Transformation segments  urn:newsml:reuters.com:*:nFWN31K4F7
    ** Co posts Q1 earnings before interest, tax, depreciation
and amortisation of A$19.2 million, an increase of 31.1% on a
yearly basis
    ** Adds it remains focused on delivering organic growth and
strong margins in FY23
    ** Shares hit highest since Sept. 23, rallies for third
straight day
    ** Stock has fallen 30.3% this year, as of last close
($1 = 1.6026 Australian dollars)
 (Reporting by Archishma Iyer in Bengaluru)
 ((Archishma.Iyer@thomsonreuters.com;))