FINWIRES · TerminalLIVE
FINWIRES

DUG Technology Reports Higher Fiscal Q3 Revenue; Ends Quarterly Updates; Shares Gain 9%

By

DUG Technology (ASX:DUG) reported fiscal third-quarter revenue of $22.4 million, up 35% from $16.5 million a year earlier, according to a Friday filing with the Australian bourse.

The company also reported quarterly normalized earnings before interest, taxes, depreciation, and amortization of $7.3 million, up 37% from $5.3 million in the year-ago period.

DUG Technology ended the March quarter with a cash balance of $24.4 million, an increase of 50% from $16.3 million a year earlier, per the filing.

Additionally, the company said it no longer believes that quarterly updates are "the most effective way to communicate the health and direction" of its business. As such, it will only report half-year and full-year results going forward.

DUG Technology shares gained 9% in recent Friday trade.

Related Articles

Asia

Joinn Laboratories' Profit Surges 480% in Q1

Joinn Laboratories (HKG:6127, SHA:603127) posted net profit attributable to shareholders of 238.4 million yuan for the first quarter, up 480% from 41.1 million yuan a year earlier, according to a Wednesday Hong Kong bourse filing.Hong Kong-listed shares of the drug research firm were down over 6% in Thursday's late-morning trade.Earnings per share came in at 0.32 yuan, up from 0.05 yuan a year earlier.Revenue increased 10% to 316.1 million yuan from 287.3 million yuan in the prior-year period.

HKG:6127SHA:603127
Asia

Ganfeng Lithium Turns to Q1 Profit as Revenue Jumps 144%

Ganfeng Lithium (SHE:002460, HKG:1772) posted first-quarter attributable net profit of 1.84 billion yuan, compared with loss of 355.8 million yuan the previous year.Earnings per share stood at 0.88 yuan, versus loss per share of 0.18 yuan last year, according to a Thursday filing with the Shenzhen bourse.Operating revenue jumped 144% year over year to 9.20 billion yuan from 3.77 billion yuan.Shares of the lithium miner were up 2% in recent trade on the Shenzhen bourse and 1% on the Hong Kong bourse.

HKG:1772SHE:002460
Asia

Yihai Kerry Arawana Q1 Profit Up 51%, Revenue Rises 11%

Yihai Kerry Arawana (SHE:300999) posted first-quarter attributable net profit of 1.48 billion yuan, up 51% from 981.4 million yuan the previous year.Earnings per share rose to 0.27 yuan from 0.18 yuan, according to a Thursday filing with the Shenzhen bourse.Operating revenue climbed 11% year over year to 65.5 billion yuan from 59.1 billion yuan.Shares of the food products company were up 2% in recent trade.

SHE:300999