Australia's GenusPlus hits record high on improved FY24 outlook

Genusplus

15/04/2024 02:10

** Shares of GenusPlus Group  GNP.AX  rise as much as 3.4%
to a record high of A$1.970
    ** The communications services co says it expects FY2024
EBITDA growth of 20-25% from A$36.8 mln ($23.81 mln) in FY2023,
vs previous outlook of 10-15%
    ** Stock set for best day since April 11, if gains hold
    ** GNP stock up 36.1% YTD, as of last close

   ($1 = 1.5456 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))