Australia's Spirit Technology hits 2-week low on HY loss

Infotrust

24/02/2023 03:47

** Shares of Spirit Technology Solutions Ltd  ST1.AX  fall
as much as 7.1% to A$0.065, their lowest level since Feb. 10
    ** IT services firm posts HY loss after providing for income
tax at A$7.8 mln ($5.32 mln) vs profit of A$3,000 in previous
year
    ** Says HY revenue from ordinary activities is up 2% to
A$67.3 mln
    ** Stock posts its biggest intraday pct fall since Feb. 10
    ** Stock up 7.7% this year, as of last close
($1 = 1.4663 Australian dollars)
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))