Australia's Helloworld Travel hits over 2-1/2-year high on upbeat outlook
28/08/2023 04:39
** Shares of Helloworld Travel HLO.AX rise as much as 9.7%
to A$3.290 - highest level since Nov 25, 2020
** Stock last up 7%, set for best day since July 20, if
gains hold
** Co projects FY24 underlying EBITDA range sharply higher
than this year
** Swings to profit after income tax from continuing
operations in FY23 from a loss last year
** Expects travel volumes to return to FY19 levels or
greater by FY25 amid sustained demand recovery
** Trading volumes 2.5 times the 30-day avg of 645,802
shares
** Stock has risen ~124% this year, as of last close
(Reporting by Shivangi Lahiri in Bengaluru)
((Shivangi.Lahiri@thomsonreuters.com;))
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