UK's Tialis Essential gains on upbeat outlook

Tialis Essential IT

07/08/2023 09:29

** Shares of Tialis Essential IT  ITA.L  rise as much as
14.9% to 50p, their highest since May 25
    ** The information technology firm expects FY23 revenue to
show "significant growth" on previous fiscal year
    ** Revenue surges 73% to 11.6 mln pounds ($14.8 mln) in the
six months ended June 30; gross profit rises 50% to 3.6 mln
pounds in the same period
    ** Stock set to post best day since September 2022 if trend
holds 
    ** Stock currently up 9.2%, trimming YTD losses to about 25%

($1 = 0.7856 pounds)

 (Reporting by Aby Jose Koilparambil in Bengaluru)
 ((abyjose.koilparambil@thomsonreuters.com))