Australia's Alliance Aviation Services gains on upbeat FY profit forecast

Alliance Aviation Services

29/05/2024 06:15

** Shares of Alliance Aviation Services  AQZ.AX  rise as
much as 2.26% to A$3.17, their highest level since May 9
    ** The aviation services co sees FY24 profit before tax to
increase by 60% from FY23 levels 
    ** Co confident of record profit before tax that will exceed
consensus forecast of A$83.9 mln ($55.76 mln)
    ** Stock has fallen 3.7% this year, as of last close

   ($1 = 1.5047 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))