NZ's Arborgen hits 5-1/2-year high on FY21 profit jump

Arborgen Holdings

15/07/2021 02:30

** Shares of Arborgen Holdings Ltd  ARB.NZ  jump as much as
5.2% to NZ$0.305, their highest since Dec 17, 2015 
    ** The investment co posts FY21 profit of $3.2 mln, from a
loss of $2.7 mln a year earlier  urn:newsml:reuters.com:*:nNZW6tv3gV
    ** Co says it is targeting US-GAAP EBITDA for year ending
March 2022 to be $13 mln-$14.5 mln, up from $11.3 mln in FY21 
    ** About 1.3 mln shares change hands, vs 30-day average
volume of ~170,000 shares
    ** Stock up 77.9% this year, as of last close
     

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))