Australia's RPM Automotive leaps most in 2 mths on higher Q1 revenue

Rpm Automotive

24/11/2022 02:45

** Shares of auto parts dealer RPM Automotive  RPM.AX  rise
as much as 10% to A$0.22, their best intraday gain since Sept.
16 
    ** Chairman at AGM says Q1 revenue has risen 89% to A$28.4
million ($19.17 million)
    ** H1 revenue tracking towards A$60 million, a 65% growth,
if realised, Chairman adds 
    ** Sees bright outlook for the firm on expansion of national
footprint and broader product range 
    ** Stock hits highest level since Oct. 25
    ** RPM down 35.5% YTD, as of last close 
($1 = 1.4813 Australian dollars)
 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))