Australia's RAS Technology gains on strong FY24 results

RAS Technology Holdings

22/08/2024 04:03

** Shares of RAS Technology  RTH.AX  rise as much as 7% to
A$1.520; set for their biggest intraday pct rise since Aug. 6,
if gains hold
    ** Co that provides data to global racing and wagering
industries says its FY24 gross profit was A$13.1 million ($8.81
million), a 29% jump 
    ** Co says expansion strategy, which included development of
new products and services, attributed to the rise in gross
profit
    ** Stock hits its highest since Aug. 8
    ** Stock was up more than 54% this year, as of last close

($1 = 1.4861 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))