Australia's Bhagwan Marine rises most in 9 years on strong HY outlook

Bhagwan Marine

05/12/2024 23:50

** Shares of Bhagwan Marine  BWN.AX  rise as much as 20.7%
to A$0.670, biggest intraday pct gain since Dec. 25, 2015
    ** Marine services firm says it expects pro-forma EBITDA for
1H25 in the range of A$26 million ($16.76 million) to A$28
million, up 26% to 36% on pcp        
    ** Stock hits highest level since Sept. 2

($1 = 1.5509 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))