Australia's Swift Media jumps on 5-yr service contract with INPEX Operations

Swift TV

24/01/2022 01:19

** Shares of Swift Media  SW1.AX  rise as much 6.7% to
A$0.016
    ** The content and telecom provider secures https://bit.ly/3u0LJIS
 a new A$2.9 million ($2.08 million), 5-year Digital Content
Platform Services agreement with INPEX Operations Australia Pty
Ltd
    ** Co says contract to generate up front installation fees
in Q4 FY22 and recurring revenues for 5 years
    ** Stock fell ~50% in 2021, and has added 11% to the fall so
far this year
    
    
    
($1 = 1.3926 Australian dollars)

 (Reporting by Indranil Sarkar in Bengaluru)
 ((Indranil.Sarkar@thomsonreuters.com;))