Australia's Ultima United jumps most in over 2 years on narrowing losses

Ultima United

01/09/2022 03:38

** Shares of property development co Ultima United  UUL.AX 
rise as much as 83.8% to A$0.125, their best session since July
20, 2020
    ** UUL says FY net loss attributable A$14,592 vs loss
A$250,506  urn:newsml:reuters.com:*:nASX8m2gMJ
    ** FY revenue from ordinary activities, however, fell 58% to
A$147,000
    ** Shares hit their highest levels since April 26, 2022
    ** Around 1.5 mln shares change hands, compared with the
30-day average volume of about 48,000 shares
    ** Stock down ~85.8% this year as of last close

 (Reporting by Anan Ashraf in Bengaluru)
 ((Anan.Ashraf@thomsonreuters.com;))