Australia's Spirit Technology Solutions rises on improved FY25 forecast

Infotrust

05/08/2024 02:13

** Shares of Spirit Technology Solutions  ST1.AX  rise as
much as 23.1% to A$0.064, their biggest intraday gain since Dec
20
    ** Stock hits highest since Feb. 7
    ** Technology firm sees FY25 revenue of A$150 mln ($97.43
mln) - A$160 mln and FY25 unaudited EBITDA of between A$9.5 mln
and A$10.5 mln
    ** Says co reported unaudited FY24 Group revenue to exceed
A$125 mln and unaudited Group uEBITDA to exceed A$1.6 mln
    ** About 1.4 mln shares change hands, compared with the
30-day average volume of 285,611
    ** Stock has fallen 35% this year as of last close


($1 = 1.5396 Australian dollars)

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