IDT Australia rises to 2-1/2-month high on upbeat HY revenue growth outlook

IDT Australia

28/01/2025 24:54

** Shares of IDT Australia  IDT.AX  rise 9.5% to A$0.115   
    ** Stock hits its highest level since Nov 13, 2024
    ** The pharma manufacturer sees 1HFY25 revenue to jump by
82% to A$10.5 mln ($6.57 mln)
    ** Co says total unaudited quarterly revenue nearly doubles
to A$5.3 mln from a year earlier 
    ** Co says growth largely driven by significant increase in
Advanced Therapies business
    ** Stock has gained 4.6%, YTD

   ($1 = 1.5972 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com;))