Australia's AMA Group hits over one-month high on positive quarterly results

Ama

20/10/2023 01:37

** Shares of AMA Group Ltd  AMA.AX  rise as much as 12% to
A$0.056, their highest since Sept. 13
    ** Vehicle collision repair co says quarterly EBITDA (post
new accounting standards AASB 16) A$27.3 mln ($17.26 mln), up
from A$8.7 mln last year
    ** Says Q1 EBITDA is tracking ahead of expectations
    ** Says will revisit current FY24 EBITDA guidance of A$86
mln to A$96 mln if outperformance continues
    ** Stock posts its biggest intraday pct gain since Oct. 11
    ** Stock down 73.6% YTD, as of last close

($1 = 1.5815 Australian dollars)

 (Reporting by Aaditya Govind Rao)
 ((Aaditya.GovindRao@thomsonreuters.com;))