Australia's Genetic Signatures jumps on turnaround to profit

Genetic Signatures

22/02/2021 04:35

** Shares of Genetic Signatures Ltd  GSS.AX  rise as much as
10.6% to A$1.83, their biggest intraday pct gain since Dec 23
    ** Molecular diagnostics co posts a sevenfold rise in H1
total sales revenue to A$18.7 mln ($14.72 mln)  urn:newsml:reuters.com:*:nASX1RKQY6
    ** GSS also records turnaround to profit of A$4.5 mln from a
loss of A$2.3 mln last year, driven by increased sales and
improved gross margin 
    ** Stock hits highest since Feb 15
    ** GSS had fallen 17.7% this year, as of last close


($1 = 1.2700 Australian dollars)

 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.mishra@thomsonreuters.com))