Australia's Atturra gains on solid prelim FY results, forecast

Atturra

15/07/2024 01:51

** Shares of Atturra Ltd  ATA.AX  rise 10.3% to A$0.805,
their highest level since May 10   
    ** IT services provider says its FY24 preliminary unaudited
revenue rose 35% to more tha A$240 million ($162.36 million)
    ** Co says, underlying EBITDA for FY between A$25 mln and
A$26 mln, up nearly 19% on pcp 
    ** Co sees more than 20% growth in revenue for FY25 whilst
maintaining underlying EBITDA growth of 10.5%
    ** Stock set for its best day since May 28, if gains hold
    ** ATA stock down 8.8% YTD as of last close
 


($1 = 1.4782 Australian dollars)

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))