Australia's X2M Connect gains most in three weeks as co secures S.Korean contracts

X2M Connect

19/07/2022 02:28

** Shares of X2M Connect  X2M.AX  rise as much as 5.9% to
A$0.091, their best intraday session since June 28, if gains
hold 
    ** The smart devices solutions provider says it has secured
five customers in the South Korean water monitoring market with 
combined value of the contracts almost A$2 mln ($1.36 mln)
 urn:newsml:reuters.com:*:nFWN2YZ1B4
    ** Says orders across X2M group for revenue recognition in
H1FY23 now exceed A$9.6 mln
    ** Shares hit highest since July 7 
    ** Stock down 53.5% this year, as of last close

     ($1 = 1.4704 Australian dollars)

 (Reporting by Archishma Iyer in Bengaluru)
 ((Archishma.Iyer@thomsonreuters.com;))