BUZZ-Australia's Aerometrex gains on selling non-core assets

Reuters

2024-12-16

BUZZ-Australia's Aerometrex gains on selling non-core assets

** Aerometrex AMX.AX rises as much as 3.4% to A$0.305; set for best trading session since Nov. 22

** Geospatial tech firm to divest certain non-core aviation assets for A$0.85 mln ($541,365)

** This comes after co sold some sensor assets for A$0.25 mln on Nov. 27

** Co says aviation and sensor divestments will have neutral impact on balance sheet

** Stock up 15.1% YTD

($1 = A$1.5701)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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