Australia's Vmoto set for best day in 2 months on robust quarterly sales

Vmoto

31/10/2022 04:47

** Shares of Vmoto  VMT.AX  advance as much as 9% to
A$0.425, set for their best day since Aug 31, if gains hold 
    ** The scooter manufacturer says it sold 11,809 units in
total in 3Q22, up 16% on the prior corresponding period
 urn:newsml:reuters.com:*:nTUE3Y0QPY
    ** Notes total international units sold in 3Q22 were 10,422,
an increase of 5% from previous year     
    ** Adds co's manufacturing facility in Nanjing, China,
remains fully operational despite disruptions caused by both the
COVID-19 pandemic and the Ukraine-Russia war
    ** Says co on track to record results for FY22 in terms of
both top and bottom-line metrics
    ** Stock hits highest since Sept 2 
    ** Vmoto stock down 9.3% this year, as of last close
 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))