Australia's Cosol hits two-month high on strong outlook

Cosol

17/11/2022 04:19

** Shares of global asset management platform Cosol Ltd
 COS.AX  rise as much as 4% to A$0.65, highest since Sept 19
    ** Co says it remains on track for strong revenue and
earnings growth in FY23 
    ** Co expects revenue between A$35 mln and A$36 mln ($23.48
mln-$24.15 mln) for the six months to Dec 31 at 14% EBIT margin,
compared with A$22.6 mln a year earlier 
    ** Stock to mark best day since Oct 6, if gains hold
    ** Stock set of a third straight session of gain
    ** Stock had fallen 2.3% this year, as of last close
($1 = 1.4905 Australian dollars)
 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))