Australia's ICS Global hits near 20-month peak on higher profit guidance

ICSGlobal

15/10/2019 03:34

** Shares of ICS Global Ltd  ICS.AX  rise as much as 19.6%
to A$1.495, their highest since Feb 27, 2018
    ** Medical billing services provider says co revised
guidance for FY2020 profit after tax attributable to
A$1.2mln-A$1.4mln ($813,960-$949,620)  urn:newsml:reuters.com:*:nASX8pd79W
    ** Guidance represents increase of 20%-40% on FY19 results,
says increase due to growth in co's medical billing and
collections business in the UK
    ** Stock posts its biggest intraday pct gain since Aug 22
    ** About 154,000 shares change hands, compared with the
30-day average of about 8,800 shares 
    ** Stock had risen 35.9% this year, as of last close
    
($1 = 1.4743 Australian dollars)

 (Reporting by Soumyajit Saha in Bengaluru)
 ((Soumyajit.Saha@thomsonreuters.com;))