Australia's Superloop advances on trimming HY losses

Superloop

22/02/2024 24:56

** Shares of Superloop  SLC.AX  advance as much as 9.3% to
A$0.825, their highest since Aug 17, 2022 
    ** The Internet services provider narrows its HY net loss
after income tax to A$18.7 million ($12.26 million) from a loss
A$21.7 million; reports a 48.7% rise in HY revenue to A$197.6
million  
    ** Says it is on track to achieve FY24 operating profit
guidance of A$49 million-A$53 million, a 31% to 42% increase on
FY23 
    ** Shares on track to see best day since May 4, 2023 - if
current trend holds 
    ** Stock has risen ~12.7% this year as of last close


($1 = 1.5253 Australian dollars)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))