Australia's Wiseway Group rises as quarterly revenue jumps

Wiseway

17/01/2022 24:55

** Shares of Wiseway Group Ltd  WWG.AX  jump as much as 10%
to A$0.275, their sharpest gain since Jan 5
    ** The freight logistics firm posts a 20% jump in Q2 revenue
to A$46.5 mln ($33.51 mln), driven by a rise in road
transportation segment
    ** Co remains "cautiously optimistic that the freight and
logistics industry growth is expected to continue, as the
pressures on international supply chains begin to ease in the
future"
    ** Stock hit its highest levels since Jan 11
    ** Stock up 4.2% this year, as of last close

     ($1 = 1.3875 Australian dollars)

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