New Zealand's Trade Window Holdings rises on strong forecast

Trade Window Holdings

12/01/2023 22:49

** Shares of Trade Window Holdings Ltd  TWL.NZ  rise as much
as 3.9% to NZ$0.530
    ** The software co says it expects trading revenue for FY23
to be about NZ$4.8 mln ($3.06 mln) to NZ$5.1 mln vs NZ$3.9 mln
last year
    ** Sees total income of about NZ$5.5 mln to NZ$5.8 mln vs
NZ$4.9 mln in FY22
    ** Also expects revenue of about NZ$10.4 mln for FY24 and
about NZ$20.2 mln for FY25 
    ** TWL says it is targeting monthly EBITDA breakeven by the
end of FY25
    ** TWL stock falls 74.9% in 2022
($1 = 1.5669 New Zealand dollars)
 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))