Australia's Swift Networks rises as co announces overhead cost cuts
21/10/2022 24:57
** Shares of telecom services provider Swift Networks Group
Ltd SW1.AX rise as much as 7.1% to A$0.015
** Co says it will save A$900,000 in overhead costs to
accelerate repayment of its debt facility urn:newsml:reuters.com:*:nASX4wJGMn
** The managing director's annual base salary cut by 13.7%,
all directors to take a 10% pay cut, says Swift
** Co stock down 22.2% YTD, as of last close
(Reporting by Harshita Swaminathan)
((Harshita.Swaminathan@thomsonreuters.com))