Australia's ALS hits record high after positive outlook

ALS

21/05/2024 02:20

** Shares in ALS Ltd  ALQ.AX  rose as much as 5.8% to record
high of A$14.59
    ** The Australian testing services provider sees positive
medium to long-term outlook for both Life Sciences and
Commodities; keeps FY27 forecasts unchanged 
    ** Posts FY net profit after tax down 1.3% to A$316.5 mln on
underlying revenue of A$2.59 bln ($1.73 bln), up 6.8% 
    ** Top pct gainer on ASX 200 Benchmark  .AXJO  index 
    ** Including session's gains, stock up ~13% YTD 


($1 = 1.4993 Australian dollars)

 (Reporting by Prerna Bedi in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))