Australia's Hansen Technologies falls on lower HY profit

Hansen Technologies

19/02/2025 03:11

** Shares of Hansen Technologies  HSN.AX  fall 4.6% to
A$5.42
    ** Stock hits its lowest level since January 28
    ** The software services provider posts HY underlying NPAT
of A$4.6 million ($2.92 million) vs A$20.1 million last year
    ** Co says it expects the second half of 2025 to be
significantly stronger than the first half due to the
timing of licence fees and major upgrade projects
    ** Stock up 6.2% this year as of last close

($1 = 1.5755 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)
 ((Jasmeenaraislam.shaikh@thomsonreuters.com))