IDT Australia jumps most in nearly 6 weeks on strong Q4 revenue, upbeat outlook

IDT Australia

10/07/2023 02:39

** Shares of pharmaceutical firm IDT Australia  IDT.AX  jump
as much as 7.9% to A$0.068, their biggest intra-day pct gain
since May 31 
    ** Co says Q4 FY23 revenue rose 200% to A$2.4 million ($1.60
million) vs Q1 FY23
    ** Sees positive outlook across all three business verticals
    ** Says well-positioned for revenue growth in FY24 
    ** More than 328,200 shares change hands as compared with
the 30-day average volume of ~352,100 shares  
    ** Stock down 21.3% this year as of last close, vs a 0.1%
increase in the benchmark S&P/ASX 200 index  .AXJO  



($1 = 1.4966 Australian dollars)

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))