Australia's ALS rises on completion of divestment with SRG Global

ALS

29/03/2023 01:32

** Shares of ALS Ltd  ALQ.AX  rise as much as 4.3% to
A$12.050, their biggest intraday pct gain since Nov 11
    ** The testing services provider says it has completed the
divestment of its Asset Care business to construction contractor
SRG Global  SRG.AX  for A$80 mln ($53.65 mln)
    ** ALS also adds it has upgraded its FY23 underlying net
profit after tax (NPAT) forecast range to between A$312 mln and
A$322 mln, compared with previously reported A$300 mln to A$320
mln 
    ** Stock posts its highest since March 9
    ** ALS stock set for third straight day of gains, if trend
holds 
    ** Stock down 5.6% this year, as of last close
    
   ($1 = 1.4912 Australian dollars)

 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@thomsonreuters.com))