Ariadne Australia shares at 2-1/2-month high on strong FY18 outlook

Ariadne Australia

20/07/2018 01:49

** Shares of property investor Ariadne Australia Ltd
 ARA.AX  jump as much as 9.1 pct to A$0.72, their highest in
more than two months 
    ** Co expects FY18 net profit before tax attributable to
members in the range of A$17.6 mln to A$19.6 mln ($12.95 mln to
$14.43 mln), compared with A$76.9 mln profit in the last period,
which included a A$67.1 mln gain on an asset sale  urn:newsml:reuters.com:*:nASXnZyBP
    ** Stock posts biggest intraday pct gain since Jan 2017
    ** About 86,900 shares change hands, compared with 30-day
avg vol of 52,600 shares
    
    ($1 = 1.3587 Australian dollars)

 ((Ambar.Warrick@thomsonreuters.com; +91-80-6749-6625; Reuters
Messaging: ambar.warrick.thomsonreuters.com@reuters.net))