Gentrack shares lift on result

Gentrack CEO Gary Miles. (Image: Gentrack)

Mon, 22 May 2023

Gentrack, the NZX-listed maker of software for utilities like airports, and power and water companies, swung to a $7.9 million profit for the six months to March 31, from a year-ago net loss of $5.8m.Revenue jumped 47.7% to $84.3m for the half as the firm put border closures and UK power market chaos mostly behind it.Shares last traded up 24% at $4.23%, consolidating Gentrack’s position as the NZX’s second-best-performing stock (after Smartpay) over the past 12 months, even if it is still some way off its pre-covid peak of $7.36.Pre...

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