Australia's Capral rises on positive year-end guidance

Capral

23/11/2022 24:09

** Shares of Capral Ltd  CAA.AX  rise as much as 4.2% to
A$7.760, their highest since Sept 19 
    ** The aluminium products distributor says it sees an
upgrade to its FY22 earnings guidance 
    ** Adds it expects FY underlying earnings before interest,
tax, depreciation and amortisation and underlying EBIT to
increase around A$5 mln ($3.32 mln)
    ** Further adds net profit after tax for year (excluding
income tax benefit) will be around A$31 mln
    ** Says it would be in a position to continue the payment of
a fully franked final dividend
    ** Stock posts its biggest intraday pct gain since Sept 29
    ** More than 20,000 shares change hands, vs the 30-day
average volume of 12,000 shares
    ** Stock has fallen 21.3% this year as of last close
($1 = 1.5044 Australian dollars)
 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))