Australia's Janison Education hits over 4-month high on results, forecast

Janison Education

03/11/2022 02:19

** Shares of Janison Education Group Ltd  JAN.AX  rise as
much as 14.9% to A$0.540, their highest since June 14 
    ** Education technology services co says that gross profit
for Q1 was A$7.8 million ($4.96 million), compared with A$3.9
mln in the previous year  urn:newsml:reuters.com:*:nASX4w5Yqt
    ** Stock on track to record best day since June 23
    ** Says revenue for Q1 was A$12.8 mln, compared with A$6.6
mln in the previous year
    ** Says co expects to deliver positive free cash flow in
FY23
    ** More than 346,100 shares trade hand compared to 30-day
average trading volume of 134,200 shares 
    ** Shares of co are down 64.4% YTD as of last close 
($1 = 1.5741 Australian dollars)
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))