Australia's Global Health jumps on upbeat FY update

Global Health

24/07/2023 02:10

** Shares of Global Health  GLH.AX  jump as much as 30% to
A$0.195, their biggest intraday pct gain since Nov. 16, 2020
    ** Co posts 20% jump in FY customer revenue for Australian
operations to A$7.8 mln ($5.24 mln)
    ** Says FY annual recurring revenue for Australian
operations up 12% to A$5.7 mln
    ** FY operating profit before R&D expenses up 106% for
Australian operations
    ** Shares hit their highest level since May 12
    ** GLH stock down 28.6% YTD, as of last close

($1 = 1.4872 Australian dollars)

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))