Business
SciDev (ASX:SDV) share price jumps 10% on inaugural profit result
SciDev Ltd (ASX: SDV) shares are soaring today after the company released its half-yearly report. In morning trade, the SciDev share price jumped 10% to an intraday high of 77 cents before retracing to its current price of 73.5 cents, up 5%.
Why is the SciDev share price rising?
The ScidDev share price is responding positively today after the company announced its first-ever profit.
ScidDev’s revenue for the first half of FY21 came in at $18.3 million, reflecting strong business development across all four of its sectors. As drilling activities continued to rebound, the oil and gas sector’s continued growth delivered an impressive $6.9 million towards revenue. All up, this drove the impressive 300% in revenue growth compared…
-
Business19 hours agoWhy Austal, Boss Energy, Harvey Norman, and NextDC shares are charging higher today
-
Noosa News17 hours agoPill checking to resume in Queensland months after government axed funding
-
Business21 hours agoASX shares are expensive. Here’s why you should be buying anyway
-
Business19 hours agoWhy Lynas, Mesoblast, PEXA, and Sayona Mining shares are tumbling today