Australia's Boom Logistics rises on upbeat HY profit, forecast upgrade

Boom Logistics

21/02/2025 04:02

** Shares of Boom Logistics  BOL.AX  rise 3% to A$1.53
    ** Stock rose as much as 4.4% to A$1.55 in early trade,
their highest since Aug 26, 2024
    ** The construction support service provider logs HY profit
A$19 million ($12.16 million) vs A$3.8 million posted last year
    ** Also upgrades FY25 statutory NPAT to A$23 million, up
from earlier forecast of A$8 million
    ** More than 279,000 shares change hands, 8.2 times the
30-day avg
    ** Stock up 10.9% YTD, including current session's moves

    ($1 = 1.5630 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))