Australia's Objective Corp hits record high on strong half-year forecast

Objective

15/01/2021 24:11

** Shares of Objective Corp Ltd  OCL.AX  rise as much as
11.5% to a record high of A$14.5
    ** The IT software and services co says it expects HY
revenue to increase 40% to A$46.5 mln ($36.16 mln), while HY
EBITDA is set to increase 74% to A$11.8 mln  urn:newsml:reuters.com:*:nL8N2JP6B3
    ** Stock posts its biggest intraday pct gain since July 15,
2020
    ** About 53,887 shares change hands, compared with the
30-day average of about 47,000 shares
    ** Stock up 9.6% this year, as of last close, compared with
a 98% increase in 2020

    ($1 = 1.2860 Australian dollars)

 (Reporting by Soumyajit Saha in Bengaluru)
 ((Soumyajit.Saha@thomsonreuters.com;))