Australia's Environmental Group hits over 9-week high on robust outlook

Environmental

24/11/2022 24:39

** Shares of emission control system provider Environmental
Group  EGL.AX  jump as much as 7.9% to A$0.205, their highest
since Sept. 19 
    ** EGL says it now expects normalized EBITDA in fiscal 2023
to increase by over 35% Y-O-Y as compared with fiscal 2022
 urn:newsml:reuters.com:*:nFWN32J1PU
    ** Shares on track for their biggest pct gain since Nov. 17 
    ** More than 869,870 shares change hands, compared with the
30-day average volume of ~115,066 shares  
    ** Stock down 35.6% this year as of last close, vs a 2.9%
decrease in the benchmark S&P/ASX 200 index  .AXJO  
 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))