Business
Why the Spirit (ASX:ST1) share price is surging 10% higher today
The Spirit Technology Solutions Ltd (ASX: ST1) share price is shooting higher today. This comes after the company announced record results for the first-half of the 2021 financial year.
In early-morning trade, the company’s shares swapping hands at 44 cents, up 10%.
How did Spirit perform for H1 FY21?
The Spirit share price is soaring today after the tele-communications company advised it had achieved record growth across all key business segments.
For the period ending 31 December, Spirit reported first-half total revenue of $42.7 million, reflecting a 243% increase year-on-year (YoY). The second-quarter did most of the heavy lifting, contributing $27.1 million, a jump of 338% YoY and 73% on the first quarter of FY21.
The robust…
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