Australia's SJR Technologies gains on upbeat revenue forecast

SRJ Technologies

29/12/2022 01:18

** Shares of Jersey-based SRJ Technologies Group  SRJ.AX 
rise as much as 11.1% to A$0.10 - set for best day since its
trading halt in Nov 2021
    ** Weldless pipe solutions provider sees its full-year 2022
revenue to be about A$1.7 mln ($1.15 mln)
    ** Says intense sales and business development investment
during 2022 built the sales pipeline and anticipates the same to
continue to grow
    ** Stock has fallen 25% this year, as of last close
($1 = 1.4817 Australian dollars)
 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com))