Australia's Hydrix jumps most in 3 months on improved results

Hydrix

23/01/2023 24:29

** Shares of Hydrix Ltd  HYD.AX  rise as much as 13.0% to
A$0.061, their biggest intraday pct gain since Oct. 19 
    ** Diversified products developer says its
December-quarter's customer revenues rose to A$3.1 mln ($2.16
mln) vs A$2.5 a year ago
    ** Adds core services business EBITDA profit at A$0.02mln vs
loss of A$0.37mln last year
    ** Further adds 23% improvement in net cash used in group
operating activities of A$1.27mln vs A$1.64 mln last year
    ** Stock posts its highest since Jan. 11 
    ** Stock has risen 5.9% this year, as of last close
($1 = 1.4323 Australian dollars)
 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))