Australia's EVZ rises on upbeat FY24 forecast

EVZ

30/07/2024 02:37

** Shares of engineering services provider EVZ  EVZ.AX  rise
as much as 9.7% to A$0.17, their highest since late-March
    ** Stock posts its biggest intraday pct gain since May 1
    ** Co sees FY24 revenue between A$119 mln ($77.9 mln) to
A$121 mln and full year EBITDA between A$4.8 mln-A$5 mln
    ** Co posted FY23 revenue of A$111.2 mln and EBITDA of A$3.8
mln
    ** About 499,000 shares change hands, compared with the
30-day average volume of 129,170
    ** Stock has fallen 11.4% this year, as of last close

($1 = 1.5279 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))