Australia's Helloworld Travel rises on positive forecast, results

Helloworld Travel

30/08/2022 04:49

** Shares of travel-distribution co Helloworld Travel
 HLO.AX  rise as much as 7.2% to A$2.08, their best session
since Aug. 11
    ** HLO sees FY23 EBITDA profit to be A$22 mln-A$26 mln
($15.14 mln- $26.00 mln), as opposed to the EBITDA loss reported
in FY22  urn:newsml:reuters.com:*:nASX3Ps2r8
    ** FY22 EBITDA loss from cont ops A$10.6 mln vs EBITDA loss
of A$24.5 mln in the prior year - co
    ** Co reverted to profitability in FY22; FY22 profit
attributable A$90.5 mln vs loss A$35.5 mln
    ** FY total transaction value increased 140% to A$1.08 bln
vs A$448.8 mln 
    ** Stock hits its highest levels since Aug. 16
    ** About 200,000 shares change hands, compared with the
30-day average volume of around 123,000 shares
    ** Stock down ~22.7% this year as of last close


($1 = 1.4535 Australian dollars)

 (Reporting by Anan Ashraf in Bengaluru)
 ((Anan.Ashraf@thomsonreuters.com;))