Australia's Jayride Group rises on revenue growth, outlook

Jayride

07/10/2022 01:09

** Shares of Australia's Jayride Group Ltd  JAY.AX  rise as
much as 6.1% to A$0.175 - highest since Sept. 28 
    ** E-commerce co announces first-quarter FY23 net revenue
growth of 157% PCP to A$1.25 mln ($801,000.00)  urn:newsml:reuters.com:*:nASXbpg4fl
    ** Co says FY23 outlook is positive, supported by Asian
destination market reopenings and new product launches
    ** Stock marks best intraday pct gain since Sept. 28 
    ** JAY stock steady this year, as of last close 
($1 = 1.5605 Australian dollars)
 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))