Australia's Experience hits over 2-month high on positive outlook

Experience

26/10/2022 04:46

** Shares of Experience Co Ltd  EXP.AX  rise as much as
19.1% to A$0.25, their highest since Aug 22 
    ** The adventure tourism co says it has reported positive
underlying EBITDA for each month of Q1 FY23 after FY22
underlying EBITDA loss of A$2.4 mln ($1.53 mln) urn:newsml:reuters.com:*:nASXbwXGVK
    ** Says likely increase in international tourism to deliver
more volumes 
    ** Says inflationary pressures, labour constraints and La
Nina weather conditions anticipated to be factors in near term 
    ** Co sees biggest intraday jump since Oct 14
    ** Co shares down 40% YTD, as of last close 
    ($1 = 1.5637 Australian dollars)
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))