Australia's Austco Healthcare hits over 5-yr peak on upbeat profit outlook

Austco Healthcare

28/05/2021 02:38

** Shares of the healthcare related tech solutions co
 AHC.AX  rise as much as 40.6% to A$0.135, their highest since
Sept. 11, 2015
    ** Co expects net profit after tax for FY21 to be between
A$2.8 mln and A$3.3 mln ($2.17 mln-$2.55 mln), up from A$2.5 mln
reported a year earlier  urn:newsml:reuters.com:*:nFWN2NE17W
    ** Stock posts biggest intraday pct gain since Sept. 30,
2019
    ** ~2.4 mln shares change hands vs 30-day average volume of
about 137,000 shares
    ** Stock has fallen 3% this year, as of last close

($1 = 1.2920 Australian dollars)

 (Reporting by Soumyajit Saha in Bengaluru)
 ((Soumyajit.Saha@thomsonreuters.com;))