Australia's ARB Corporation jumps on strong outlook

ARB

08/05/2024 03:19

** Shares of ARB Corporation  ARB.AX  rise as much as 2.7%
to A$39.710, their highest since April 12     
    ** The vehicle accessories maker says it expects sales to
original equipment manufacturers (OEM) to increase in FY24
    ** Adds outlook is positive with favourable trading
conditions expected to continue into 1H 2025
    ** Stock set for best day since April 22, if gains hold
    ** ARB stock up 7.5% YTD, as of last close

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))