Australia's Best and Less Group jumps most in about 3 weeks on positive forecast

Best & Less group

30/08/2022 06:01

** Shares of apparel specialty retailer Best and Less Group
Holdings  BST.AX  rise as much as 7.25% to A$2.81, on track for
their best session since Aug. 10
    ** BST says it already has agreements in place to open 11
new stores during the year  urn:newsml:reuters.com:*:nASX927RPj
    ** Total sales 38% on PCP through eight weeks of trading in
H1 FY23, says co
    ** For FY22, recorded NPAT A$41.1 mln vs A$47 mln and
revenue A$622.2 mln vs A$663.2 mln despite 10.8% lost trading
days -co 
    ** More than 155,000 shares change hands, compared with the
30-day average volume of about 28,000 shares
    ** Stock down ~36% this year, as of last close

 (Reporting by Anan Ashraf in Bengaluru)
 ((Anan.Ashraf@thomsonreuters.com;))