BUZZ-Australia's Tuas gains as FY loss narrows on growth in mobile subscribers

Reuters09-24

** Shares of mobile network operator Tuas up 10.2% to A$4.65, on track for their best day since Dec. 3, 2021

** Stock rises to highest level since July 18

** Co posts FY loss of S$4.4 mln ($3.41 mln), compared to loss of S$15.3 mln a year ago

** Posts revenue of S$117.1 mln, 6% ahead of Citi's estimate

** "TUA has delivered another strong set of results underpinned by strong growth in Mobile subscribers" - Citi

** Co reports active mobile services of 1.05 mln at July 31, 2024, up from 819,000 a year ago and 9% ahead of Citi's expectation

** About 1.4 mln shares change hands by 0251 GMT, 1.7x the 30-day average

** Stock has risen 31.9% this year, as of last close

($1 = 1.2912 Singapore dollars)

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com))

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