Australia's Hubify hits near six-month high on strong FY23 earnings

Hubify

18/07/2023 03:37

** Shares of Hubify Ltd  HFY.AX  jump as much as 89.5% to
A$0.036, hitting their highest level since Jan 31
    ** Stock sees best day since October 2020, if current trends
hold 
    ** Telecom services provider posts FY underlying EBITDA of
A$4.42 mln ($3.01 mln), compared with A$1 mln earned last year
    ** Says FY23 revenue from customers rose 8% to A$25.72 mln
    ** More than 518,000 shares change hands, compared with the
30-day average volume of about 268,000 shares
    ** Stock had fallen 80.4% this year, as of last close
    
($1 = 1.4663 Australian dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))