Shares of Dicker Data jump as much as 6.9% to A$8.570, resulting in their biggest single day percentage gain since May 10.
The surge comes as the computer parts distributor announces an impressive 9.4% increase in unaudited revenue for the first half of the year, reaching a total of A$1,596 million.
Additionally, the company reported a first half-year unaudited net profit before tax of A$54 million, a substantial increase from A$50 million.
As a result of these strong results, shares hit their highest level since June 9.
However, Dicker Data stock is still down 21.3% year-to-date, as of last close.
Dicker Data (ASX:DDR) is a computer parts distributor.