Australia's Capral scales over 10-year high on upbeat FY21 outlook

Capral

16/12/2021 04:14

** Shares of Capral Ltd  CAA.AX  climb as much as 5.03% to
A$8.98, hitting their highest since June 2011 
    ** Aluminium products distributor raises FY21 trading EBITDA
by A$5 million to A$37 mln ($26.49 mln) and expects EBITDA to be
about A$58 mln  urn:newsml:reuters.com:*:nASXc8xsGQ
    ** Expects market to remain strong into the fist half of
2022
    ** Says this outlook will support the consideration of a
fully franked final dividend in FY21
    ** Stock posts biggest intraday pct gain since Aug. 25
    ** As of Wednesday's close, stock has soared 43.7% this year

($1 = 1.3966 Australian dollars)

 (Reporting by Navya Mittal)
 ((Navya.Mittal@thomsonreuters.com;))