NZ's ikeGPS Group jumps most in 2 weeks on strong Q3 results

Ikegps

01/02/2022 24:32

** Shares of ikeGPS Group Ltd  IKE.NZ  jump as much as 4.9%
to NZ$0.85, post their biggest intraday pct gain since Jan. 19
    ** IKE, which sells solutions for managing power and telco
assets, posts Q3 revenue of NZ$4.2 mln ($2.76 mln), double the
NZ$2.1 mln logged a year earlier  urn:newsml:reuters.com:*:nASX5xNfB7
    ** Says Q3 subscription and transaction revenue ~NZ$3.3 mln,
95% higher from a year earlier
    ** More than 80,000 shares change hands, vs the 30-day
average volume of ~25,000 shares
    ** IKE stock down 3.6% this year, as of last close
    
($1 = 1.5209 New Zealand dollars)

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))