Australia's GR Engineering Services rises on upgrading FY guidance

GR Engineering Services

22/06/2022 01:44

** Shares of engineering and consulting co GR Engineering
Services  GNG.AX  rise as much as 6% to A$1.865, mark their
biggest intraday gain since May 23
    ** Co raises its full-year revenue guidance to be in range
of A$620 mln to A$640 mln ($430.78 mln-$444.67 mln) from the
earlier forecast of A$580 mln to A$600 mln  urn:newsml:reuters.com:*:nASX2PYCrh
    ** Adds co remains well placed to maintain its dividend
yield to shareholders through FY23 and future years
    ** 129,162 shares change hands, 1.6 times the 30-day average
of 79,423 shares
    ** As of last close, stock down 16.2% this year

($1 = 1.4393 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))