Business
Why the Superloop (ASX:SLC) share price is surging higher today // Motley Fool Australia
The Superloop Ltd (ASX: SLC) share price has been a strong performer on Wednesday.
In afternoon trade the independent connectivity services provider’s shares are up over 4% to 98 cents.
Why is the Superloop share price climbing higher?
Investors have been buying Superloop’s shares following the release of an update at its annual general meeting this morning.
At the meeting the company provided investors with a reminder of how it performed in FY 2020 and its performance so far in the new financial year.
In FY 2020, Superloop delivered revenue of $107 million and earnings before interest, tax, depreciation and amortisation (EBITDA) of $13.5 million. The latter meant the company achieved the midpoint of its guidance range despite…
-
Noosa News16 hours agoTeen arrested over vandalism at Airbnb party in East Brisbane
-
Noosa News18 hours agoWatch desert floodwaters gushing towards Lake Eyre
-
Noosa News20 hours agoMajor flood arrives at Birdsville
-
Noosa News13 hours agoPolice investigate Bulimba park assault following scooter dispute