Australia's Austal Ltd hits nearly 5-year high on upbeat HY results

Austal

21/02/2025 24:32

** Shares of Austal Limited  ASB.AX  rise as much as 12.9%
to A$4.030, their highest since February 25, 2020
    ** Stock posts biggest intraday pct gain since September 16,
2024
    ** The shipbuilder posts HY NPAT of A$25.1 million ($16.07
million) vs A$12 million last year
    ** Co sees FY25 EBIT to be not less than A$80 million 
    ** Stock up over 29% YTD, including moves in day's session 
    
   ($1 = 1.5623 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)
 ((Jasmeenaraislam.shaikh@thomsonreuters.com))