Australia's Web Travel jumps on upbeat half-year revenue, share buy-back

Web Travel

26/11/2024 23:51

** Shares of Web Travel Group  WEB.AX  rise as much as 14.2%
to A$4.83, their biggest intraday gain since May 22
    ** Stock hits its highest level since Oct. 14
    ** Business travel distribution co posts half-year revenue
of A$170.4 mln ($110.30 mln), up 1% year-on-year
    ** Announces share buy-back of up to A$150 mln
    ** Stock down 27.8% YTD, including session's move

($1 = 1.5449 Australian dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))