Australia's Scidev surges on strong first quarter update

Scidev

26/10/2022 01:03

** Shares of Australia's Scidev  SDV.AX  rise as much as
5.7% to A$0.28, their highest since Oct 12
    ** Wastement treatment solutions provider announces record
revenue of A$25.6 million ($16.34 million) for the first quarter
of fiscal 2023, which represents a 40% jump pcp  urn:newsml:reuters.com:*:nASX1bXP3T
    ** Co also posts EBITDA of A$1.7 mln for the quarter
    ** Adds says co is well positioned to deliver growth and
lasting returns for shareholders
    ** Stock posts its biggest intraday pct gain since Oct 18
    ** More than 131,000 shares change hands, compared with the
30-day average volume of 97,499 shares
    ** Stock has fallen 54.3% this year as of last close
($1 = 1.5669 Australian dollars)
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))