Australia's Janison Education Group shares jump on strong earnings

Janison Education

08/08/2023 05:55

** Shares of Janison Education Group  JAN.AX  rise as much
as 4.26% to A$0.490, highest level since July 7
    ** Edtech company says it achieved revenue of A$41 mln
($26.8 mln) in FY23, a 13% YoY
    ** Says EBITDA of grew by 111% to A$4 mln, driven by
improved operational leverage and strong gross margins
    ** Stock has fallen 16% this year, as of last close

($1 = 1.5291 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))