UK's Pelatro climbs on Middle East contract win

Pelatro

02/06/2023 08:28

** Shares in Pelatro Plc  PTRO.L  up 21.5% to highest in
almost five months at 7.9p  
    ** The telecoms-focused marketing software firm wins large
contract for campaign management solution by a Middle East-based
telecommunication firm with operations in multiple countries
    ** PTRO says new deal expands existing contract to three new
countries; contract to deliver overall recurring revenue of
about $650,000 per annum
    ** Stock on track to log best day since April 2021, if gains
hold 
    ** Up to last close, stock had fallen nearly 42% so far this
year 


    
   

 (Reporting by Prerna Bedi in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))