Australia's Step One Clothing hits highest in over 2 years on upbeat results

Step One Clothing

20/02/2024 24:20

** Shares of Step One Clothing  STP.AX  rise as much as 9%
to A$1.330, their highest since Feb 11, 2022
    ** Stock posts biggest intraday pct gain since Jan 11
    ** The online retailer firm posts HY profit from ordinary
activities after tax attributable of A$7.1 mln ($4.64 mln), up
34.7% from corresponding period
    ** Co adds HY revenues from ordinary activities of A$45.1
mln, up 25.5% from a year ago
    ** STP on track to record a third day session of gains
    ** Over 386,000 shares change hands, 2.5x the 30-day avg
volume
    ** Including session's gains, stock up ~32% YTD

   ($1 = 1.5316 Australian dollars)

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))