Australia's Helloworld Travel hits 3-mnth high after hike in FY23 outlook

Helloworld Travel

02/08/2023 01:55

** Shares of Helloworld Travel  HLO.AX  rise as much as 7.6%
to A$3.12, highest since May 2
    ** The travel firm hikes its FY23 outlook for underlying
EBITDA to A$42 mln - A$45 mln ($27.76 mln - $29.74 mln) compared
A$38 mln-A$42 mln estimated previous 
    ** Co says its Total Transaction Value should exceed A$2.56
bln for FY23
    ** Stock on track to posts its biggest intra-day percentage
gain since July 20, if gains hold
    ** Stock has more than doubled this year as of last close 


($1 = 1.5131 Australian dollars)

 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))