NZ's ikeGPS Group eyes best day in over 2 mths on revenue forecast

Ikegps

30/09/2022 03:54

** Shares of ikeGPS Group  IKE.NZ  rise as much as 5.3% to
NZ$0.79, their highest since Sept. 22
    ** Shares surge as the industrial machinery maker sees
revenue for the first half of FY23 in the range of NZ$14.7
mln($8.39 million) to NZ$15 mln
    ** Says Q2 FY23 revenue to Sept. expected to be above NZ$8
mln
    ** Signed contract backlog supports potential for strong Q3
FY23 - co
    ** Adds that balance sheet remains a 'fortress'
    ** Stock posts its biggest intraday pct gain since July 22
    ** Stock is on track to gain 2.6% this week; snapping four
straight weeks of losses
    ** Stock has fallen 10.7% pct this year, as of last close
($1 = 1.7513 New Zealand dollars)
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))