Australia's RAS Technology hits near 1-year high as FY loss narrows

RAS Technology Holdings

28/08/2023 06:52

** Shares of RAS Technology Holdings  RTH.AX  rise as much
as 11.7% to A$0.670, their highest since Sept. 13, 2022
    ** Stock last up 10%, set for best day since June 7
    ** Racing and sports holding co reports narrower FY loss
from ordinary activities after tax attributable of A$1.3 mln 
($835,900.00) vs loss of A$3.0 mln last year
    ** Co reports a 41% increase in FY revenue from ordinary
activities
    ** RTH up 30.4% YTD, as of last close

($1 = 1.5552 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))