Australia's GR Engineering Services rises on upbeat FY25 outlook

GR Engineering Services

27/11/2024 03:10

** Shares of GR Engineering Services  GNG.AX  rise as much as
2.2% to A$2.33, hitting their highest since March 4
** Engineering consulting and contracting firm sees annual
revenue between A$425 mln-A$450 mln ($274.98 mln-$291.15 mln)
for FY25
    ** Co reported FY24 revenue of A$424.1 mln
    ** More than 212,000 shares change hands vs the 30-day avg
volume of around 121,000 shares
    ** Including session's moves, stock up 3.6% so far this year
     
    ($1 = 1.5456 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)
((mailto:Nikita.Jino@thomsonreuters.com;))