Australia's SKS hits over 7-yr high on strong half-year results

SKS Technologies

28/02/2024 04:07

** Shares of SKS Technologies Group  SKS.AX  rise as much as
12.1% to A$0.37, its highest level since Feb. 1, 2017
    ** Stock posts its biggest intraday pct gain since Dec. 22,
2023
    ** Technology co posts half year net profit of A$1.8 million
versus A$406,176 in previous corresponding year
    ** Adds sales growth has increased by 22% to A$53.7 mln
    ** About 386,501 shares change hands vs 30-day average
volume of 101,902 shares
    ** Stock up 16.7% so far this year, as of last close

 (Reporting by Megha  Rani)
 ((Megha.Rani2@thomsonreuters.com;))