NZ's Gentrack eyes best day in nearly 2 mths on strong annual results

Gentrack

24/11/2021 23:52

** Shares of Gentrack Group Ltd  GTK.NZ  rise as much as
9.4% to NZ$1.860, their biggest intraday pct gain since Sept. 30
    ** The software maker posts a full-year revenue of NZ$105.7
mln ($72.65 mln), up 5.2% on FY20, driven by growth in its
utilities business  urn:newsml:reuters.com:*:nNZW6Xw6TZ
    ** Also records a 5% increase in its FY EBITDA of NZ$12.7
mln, slightly ahead of its guidance
    ** Reconfirms FY22 revenue guidance, but flags further
supply failures in coming winter months
    ** Stock up 10.4% this year as of last close

($1 = 1.4550 New Zealand dollars)

 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))