Australia's Vmoto sees best day in 5-1/2 months on earnings growth

Vmoto

31/08/2021 04:00

** Shares of Australia's Vmoto Ltd  VMT.AX  rise as much as
19.4% to A$0.4 after strong earnings growth 
    ** Stock posts biggest intraday pct gain since March 15,
hits highest since June 16
    ** Electric scooter maker says H1 net profit attributable
more than doubled to A$4.1 mln ($2.99 mln); revenue grew 50% to
A$39.4 mln  urn:newsml:reuters.com:*:nASXXCyhy 
    ** Co earlier said Q2 sales rose 23% to 7,854 units
 urn:newsml:reuters.com:*:nASX6vsV54 
    ** About 1.9 mln shares change hands, compared with the
30-day average of about 405,000 shares 
    ** Stock down 24% this year, as of Monday's close    

($1 = 1.3714 Australian dollars)

 (Reporting by Harshita Swaminathan in Bengaluru)
 ((Harshita.Swaminathan@thomsonreuters.com))