For 2QFY2023, Aztech Global generated earnings of $29.5 million, up 1.7% y-o-y but surging 120% q-o-q. This brings its 1HFY2023 earnings to $42.9 million, up 0.2% y-o-y. Revenue for 2QFY2023 was down 4.1% to $227 million, bringing total revenue for the six months ended June to $388.6 million, up 6.6%.
Analysts have stayed positive on manufacturer Aztech Global following its 1HFY2023 earnings that turned in strong sequential improvement in its 2QFY2023 ended June from the first quarter ended March, as the company maintained a healthy order momentum and efficiency gains.
With a slew of positive calls, the company’s share price ended July 24 at 79 cents, up 12.14%.
