Australia's Alloggio posts record jump on hiking FY22 guidance

Alloggio

06/06/2022 01:50

** Shares of rental accommodation firm Alloggio  ALO.AX 
rise as much as 41.7% to A$0.17, their best session on record
    ** Expects EBITDA between A$10.5 million and A$11 million
for FY22, up from a previous guidance of A$8.6 million
 urn:newsml:reuters.com:*:nASX7rBG5d
    ** Sees FY22 revenue at A$26 million, up from the A$21.5
million it has previously guided to
    ** "The improved outlook reflects the strong demand for
travel since travel restrictions were lifted in the latter half
of CY21" - Alloggio founder & CEO Will Creedon 
    ** Shares at their highest level since Jan. 27 
    ** ALO down 35.1% YTD as of last close 
   
    


 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))