Australia's Uniti Group hits all-time high on annual profit jump

Uniti (Delaware)

24/08/2021 01:54

** Shares of Uniti Group Ltd  UWL.AX  jump as much as 9.4%
to A$4.30 to hit a record high 
    ** The wireless broadband services provider says FY
attributable profit rose 83% to A$29.2 mln ($21.04 mln)
 urn:newsml:reuters.com:*:nASX95BnG8
    ** Adds revenue from ordinary activities for the year nearly
triples to A$160.5 mln
    ** Stock posts its biggest intraday pct gain since Jan. 19
    ** As at 0041 GMT, UWL stock was the second-highest gainer
on the benchmark index  .AXJO 
    ** More than 2.4 mln shares change hands, vs the 30-day
average volume of 2.2 mln shares
    ** UWL stock posts fifth straight session of gains
    ** UWL up 129.8% this year, as of last close
    
  


($1 = 1.3879 Australian dollars)

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))