Australia's Quickstep Holdings jumps most in over 8 months on upbeat HY results

Quickstep Holdings

22/02/2022 03:12

** Shares of Quickstep Holdings  QHL.AX  jump as much as
20.3% to A$0.445, their biggest intraday pct gain since June 4,
2021 if gains hold
    ** The aerospace component maker says https://www.asx.com.au/asxpdf/20220222/pdf/4566xkjfxmf28c.pdf
 HY net profit attributable rose 302.1% to A$3.3 mln ($2.38 mln)
from a year earlier
    ** Says revenue from ordinary activities of A$47.3 mln, up
14.1% from a year earlier 
    ** Co expects year on year revenue growth in FY22 and sees
demand recovery in commercial aerospace during 2H22
    ** Stock hits highest level since Jan. 20
    ** More than 380,000 shares have changed hands, vs the
30-day average of nearly 58,000 shares 
    ** QHL down ~15.9% YTD as of last close 
    



($1 = 1.3891 Australian dollars)

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))