Australia's Superloop hits more than 5-yr high as FY loss narrows

Superloop

21/08/2024 04:55

** Superloop  SLC.AX  jumps 9.4% to A$1.745, highest since
May 2019
    ** Telecommunications co posts narrower FY loss as revenue
increases 29.3%
    ** Trading vol by 0347 GMT is 1.3x the 30-day avg
    ** Stock has already more than doubled in value this year

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))