PSC Insurance sees best day in nearly 3 months on strong EBITDA outlook

ESI SA

03/02/2021 03:37

** Shares of insurance intermediary business  PSI.AX  up as
much as 5.4% to A$3.11 - biggest intraday pct gain since Nov. 11
    ** Stock hits its highest level since Nov. 25
    ** Stock on track to post second consecutive session of gain
    ** Co says it expects HY underlying earnings before
interest, taxes, depreciation, and amortization (EBITDA) to be
about A$28.7 mln ($21.85 mln), up 50% over prior year due to
strong organic growth both in Australia and UK  urn:newsml:reuters.com:*:nFWN2K81JK
    ** PSI also expects FY EBITDA to be at top end of its
previous guidance range of A$65 mln-A$70 mln    
    ** About 104,000 shares change hands compared to 30-day
average volume of 71,000 shares
    ** As of last close, PSI down 1.7% this year 
($1 = 1.3137 Australian dollars)

 (Reporting by Aditya Munjuluru in Bengaluru)
 ((aditya.srivastsav@thomsonreuters.com))