Australia's SciDev hits over one-month high on upbeat quarterly metrics

Scidev

18/04/2023 06:27

** Shares of Australia's SciDev Limited  SDV.AX  rise as
much as 2.9% to A$0.36, hit their highest level since March 14
    ** Environmental solutions co reports revenue of A$21.1
million ($14.18 million) for its third quarter, up 60% compared
to last year
    ** Says gross profit margin improved in qtr to 28%
    ** Adds for FY23 co continues to focus on establishing a
presence in Europe and North America with an aim to deliver
full-scale PFAS water treatment technology into these regions
    ** Stock has fallen 6.7% this year, as of last close


($1 = 1.4883 Australian dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))