Australia's Boom Logistics jumps on FY forecast hike

Boom Logistics

21/03/2024 24:33

** Shares of Boom Logistics  BOL.AX  rise as much as 7.4% to
A$0.145, their highest since Feb. 23 
    ** Stock posts its biggest intraday percentage gain since
March 8
    ** Lifting services co expects its FY net profit after tax
to exceed A$6 mln ($3.96 mln), up from previous guidance of
A$5.5 mln
    ** Expects revenue to be about A$240 mln, up from previous
guidance of A$235 mln
    ** About 800,000 shares change hands, compared with the
30-day average volume of 247,090 
    ** Stock up 8% YTD, as of last close

($1 = 1.5163 Australian dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))