Australia's Vonex rises on higher revenue

Vonex

01/11/2022 02:30

** Shares of Vonex Ltd  VN8.AX  rise as much as 3.8% to
A$0.083
    ** The Australia-based telecommunications co reports
quarterly gross unaudited revenue of A$11.7 mln ($7.52 mln), up
80% YOY   urn:newsml:reuters.com:*:nASX1pKqPw
    ** Co adds quarterly total contract value (TCV) for new
customer sales of A$2.14 million, up 64% YoY
    ** Co further adds to look forward to greater cross-selling
activities in FY23 which we expect to boost our average revenue
per user
    ** More than 329,000 shares change hands, vs the 30-day
average volume of 202,000 shares
    ** Stock has fallen 27.3% this year as of last close
($1 = 1.5562 Australian dollars)
 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))