Australia's Wiseway Group hits over a year high as revenue soars

Wiseway

28/10/2020 02:52

** Shares of Wiseway Group  WWG.AX  rise as much as 33.33%
to A$0.24, their highest since Oct. 15, 2019
    ** Freight logistics operator posts 53% jump in
first-quarter revenue to A$31 mln ($22.10 mln)  urn:newsml:reuters.com:*:nGLFbdkP4J
    ** China's trade activity and transaction volumes,
especially via major e-commerce platforms, remain high due to
continued operations between Australia and Asia during COVID-19
pandemic
    ** Stock posts its biggest intraday percentage gain since
July 23
    ** About 194,000 shares change hands, compared with the
30-day average volume of 95,000 shares
    ** Stock down 10% this year, as of last close


($1 = 1.4027 Australian dollars)

 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.mishra@thomsonreuters.com))