Australia's Market Herald jumps after swinging to HY profit

Gumtree Australia Markets

26/02/2021 02:37

** Shares of Market Herald Ltd  TMH.AX  rise as much as
15.4% to A$0.75, their highest since Feb. 15
    ** Stock market news forum reports HY net profit before tax
of A$8.2 mln ($6.44 mln), compared to a net loss before tax of
A$2.2 mln a year earlier  urn:newsml:reuters.com:*:nASX96qRnC
    ** Says HY total revenue rises three times to A$18.4 mln 
    ** Stock posts its biggest intraday pct gain since Feb. 18
    ** About 343,000 shares change hands, compared with the
30-day average volume of 91,000 shares
    ** Stock had more than doubled in value this year, as of
last close

($1 = 1.2734 Australian dollars)

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