Australia's ALS falls most in more than a year on weak FY24 outlook

ALS

25/03/2024 02:25

** Shares of ALS Ltd  ALQ.AX  fall as much as 6.8% to
A$12/795, posting their biggest intraday pct fall since March 7,
2023 
    ** The testing services provider says FY24 NPAT guidance
range will be at the lower end of the previously stated range of
A$310 mln ($202.49 mln)- A$325 mln
    ** Says corporate and interest costs are to be slightly
higher in FY24 
    ** Shares hit their lowest level since March 7 
    ** Stock up ~7% YTD, as of last close 


($1 = 1.5309 Australian dollars)

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))