Australia's Austco Healthcare soars on solid FY24 forecast
11/07/2024 01:54
** Shares of Austco Healthcare AHC.AX climb as much as
15.4% to A$0.225, their highest since Feb 22
** The healthcare solutions provider says it expects FY24
operating profit in the range of A$7.5 million ($5.06 million)
and A$8 million, compared with A$3.6 million a year ago
** Adds that it sees FY24 revenue about A$58 million, a 38%
rise from FY23
** 1.8 million shares change hands, 21.6 times compared with
the 30-day average volume of 84,162 shares
** Stock has fallen ~2.3% this year as of last close
($1 = 1.4808 Australian dollars)
(Reporting by Archishma Iyer)
((Archishma.Iyer@thomsonreuters.com;))