Australia's QANTM Intellectual Property at 14-month high on strong annual results

Qantm Intellectual Property

26/08/2021 03:30

** Shares of QANTM Intellectual Property  QIP.AX  rise as
much as 6.2% to A$1.195, their highest since June 2020
    ** Co says https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02412491-3A573952?access_token=83ff96335c2d45a094df02a206a39ff4
 annual net profit attributable rises 10.75% to A$10.4 mln
($7.55 mln)
    ** Total net revenue edges higher to A$95.6 mln as patent
applications rise in FY21
    ** Co declares a final dividend of 3.4 AU cents per share
    ** Sees costs savings and revenue growth potential
benefiting from FY23
    ** QIP posts its biggest intraday pct gain since Nov. 23,
2020
    ** About 120,000 shares change hands, vs the 30-day average
of 82,600 shares
    ** Stock up marginally this year, as of last close
    
($1 = 1.3774 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com;))