Australia's Spirit Technology Solutions hits 5-mnth high on upbeat outlook

Infotrust

16/07/2024 04:25

** Shares of Spirit Technology Solutions  ST1.AX  rise as
much as 20% to A$0.054, their highest since Feb. 15
    ** Stock posts its biggest intraday pct gain since Dec.
20,2023
    ** The IT services firm sees growth in FY25 on the back of a
strong finish in FY24
    ** Says preliminary FY24 statutory loss of A$9.6 mln to A$11
mln ($6.47 mln to $7.42 mln), compared to a loss of A$11.4 mln
in pcp
    ** Says achieved its strongest sales quarter in history with
A$42 mln in total contract value wins and renewals during the
period 
    ** About 2.9 mln shares change hands, compared with the
30-day average volume of 157,806
    ** Stock has fallen 43.8% this year, as of last close


($1 = 1.4828 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))