Australia's Scidev jumps on strong FY23 results

Scidev

25/07/2023 02:24

** Shares of Scidev  SDV.AX  rise as much as 11.7% to
A$0.335, posting their biggest intraday jump since May 18
    ** Stock hit highest level since July 3
    ** Co posts unaudited FY23 revenue of A$89.9 mln ($60.54
mln), up 62% from FY22
    ** Posts underlying EBITDA of A$4.0 mln for FY23
    ** Says co has secured new contracts with clients in excess
of A$50 mln in FY23
    ** SDV down 20% YTD as of last close

($1 = 1.4850 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))