Australia's Vmoto jumps to over 8-month high on upbeat FY outlook

Vmoto

11/01/2022 24:41

** Shares of Vmoto Ltd  VMT.AX  jump as much as 16.7% to
A$0.490, their highest since April 22
    ** The scooter manufacturer expects to achieve net profit
after tax (NPAT) of between A$7.5 mln and A$7.8 mln ($5.38 mln
and $5.6 mln) for FY21, vs A$3.7 mln in FY20  urn:newsml:reuters.com:*:nASX7LP7w2
    ** Stock posts its biggest intraday pct gain since Aug. 31
    ** About 1.1 mln shares change hands, over 3 times the
30-day avg volume of 305,676
    ** Stock has fallen 2.3% this year, as of last close

($1 = 1.3930 Australian dollars)

 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))