Australia's Hansen jumps most in 1-1/2 years on upbeat results, forecast

Hansen Technologies

23/08/2023 04:18

** Shares of Hansen Technologies Ltd  HSN.AX  rise as much
as 12.2% to A$6.06, their biggest intraday jump since Feb 21,
2022
    ** The software provider posts FY net profit after tax of
A$42.8 mln ($27.58 mln), up 2.1% y/y
    ** Co posts FY operating revenue of A$311.8 mln, up 5.2% y/y
 
    ** Co forecasts organic revenue growth rate in FY24 to
exceed FY23 levels 
    ** Co expects its underlying EBITDA margin to remain above
30% for FY24 
    ** Co's shares hit their highest level since Aug 4, 2022
    ** Hansen stock up 5.1% YTD, as of last close 
   
    ($1 = 1.5521 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))