Australia's ICSGlobal hits over 3-month high on stronger profit forecast

ICSGlobal

19/11/2019 02:46

** Shares of ICSGlobal Ltd  ICS.AX  rise as much as 6.1% to
A$0.087, their highest since Aug. 8
    ** Medical billing services provider raised its FY20 profit
after tax attributable forecast to A$1.4 mln-A$1.7 mln
($950,600-$1.15 mln) from A$1.2 mln-A$1.4 mln announced in
October  urn:newsml:reuters.com:*:nFWN27Y0U7 urn:newsml:reuters.com:*:nFWN26Z0HF
    ** Revised forecast due to ongoing growth in co's UK medical
billing and collections business
    ** Co set for fourth consecutive session of gains
    ** Stock has nearly tripled in value this year, as of last
close

($1 = 1.4728 Australian dollars)

 (Reporting by Arpit Nayak)
 ((Arpit.Nayak@thomsonreuters.com;))