Australia's Boral jumps on lifting FY24 earnings forecast

Boral

12/11/2023 23:39

** Shares of Australia's Boral  BLD.AX  rise as much as 8.3%
to A$5.1, posting their biggest intraday pct gain since Aug 10
    ** Building materials maker upgrades FY24 EBIT forecast to
the range of A$300 mln to A$330 mln ($190.92 mln-$210.01 mln)
from A$270 mln to A$300 mln
    ** Says forecast lift due to higher prices and improved cost
management
    ** Stock had risen 62.3% this year, as of last close 

($1 = 1.5713 Australian dollars)

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))