In late trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small gain. At the time of writing, the benchmark index is up 0.2% to 7,503.7 points.
Four ASX shares that are climbing more than most today are listed below. Here’s why they are surging higher:
Hub24 Ltd (ASX: HUB)
The HUB24 share price is up 8% to $28.10. Investors have been buying the investment platform provider’s shares following the release of its full year results. For the 12 months ended 30 June, HUB24 reported a 34.4% increase in revenue to $110 million and a 47% lift in EBITDA to $58.6 million. This was driven partly by a 141% increase in platform FUA to $41.4 billion.
MNF Group Ltd (ASX: MNF)
The MNF share price is up 10% to $6.37. This morning this VoiP focused technology company released its full year results and revealed a 12% increase in recurring revenue to $113.2 million. This was driven partly by a 29% increase in phone numbers to 5.8 million. Also giving its shares a lift was management’s bold growth plans. It is aiming to grow the phone numbers on its network to 100 million by 2030.
Nanosonics Ltd (ASX: NAN)
The Nanosonics share price is rocketing 23% higher to $7.25. This follows the release of its full year results this morning. For the 12 months ended 30 June, the infection prevention specialist reported a 3% increase in revenue to $103.1 million and a 15% decline in net profit after tax to $8.6 million. The latter was well ahead of the market’s expectations. In addition, Nanosonics announced a key new product.
Uniti Group Ltd (ASX: UWL)
The Uniti share price has jumped 8% to $4.28. Investors have been buying this telco’s shares after the release of a record result for FY 2021. Uniti reported a 175% increase in revenue to $159.9 million and a 254% jump in EBITDA to $93.7 million.