Brief: Spirit Technology Solutions Says Acquisition Of Cyber Business And Trading Update

Infotrust

07/02/2024 01:17

Feb 7 (Reuters) - Spirit Technology Solutions Ltd
 ST1.AX :
    * ACQUISITION OF CYBER BUSINESS AND TRADING UPDATE
    * FULLY FUNDED ACQUISITION OF INFOTRUST FOR A$34.6M
    * SYNERGIES OF A$1.4M+ TO BE ACHIEVED IN FY25 IN INTEGRATION
OF
INFOTRUST AND CO'S CYBER SECURITY DIVISION
    * CASH RAISED TO BE FUNDED BY PLACEMENT TO 263 FINANCE
    * PRELIM UNAUDITED GROUP REVENUE FOR H1 A$57.03 MILLION
VERSUS
A$67.29 MILLION
    * STATUTORY LOSS FOR GROUP FOR H1 FY24 WAS A$5.20 MILLION
VERSUS
LOSS A$7.79 MILLION

Source text for Eikon:  ID:nASX5dDvQh 
Further company coverage:  ST1.AX