BUZZ-IDT Australia rises to 2-1/2-month high on upbeat HY revenue growth outlook

Reuters
01-28
BUZZ-IDT Australia rises to 2-1/2-month high on upbeat HY revenue growth outlook

** Shares of IDT Australia IDT.AX rise 9.5% to A$0.115

** Stock hits its highest level since Nov 13, 2024

** The pharma manufacturer sees 1HFY25 revenue to jump by 82% to A$10.5 mln ($6.57 mln)

** Co says total unaudited quarterly revenue nearly doubles to A$5.3 mln from a year earlier

** Co says growth largely driven by significant increase in Advanced Therapies business

** Stock has gained 4.6%, YTD

($1 = 1.5972 Australian dollars)

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com;))

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