Australia's Johns Lyng Group hits 2-mth high on surge in FY profit

Johns Lyng

29/08/2023 04:11

** Shares of Johns Lyng Group  JLG.AX  rise as much as 6.7%
to a two-month high of A$5.92
    ** Stock posts its biggest intraday pct gain since Feb 21 
    ** Building services provider posts 88% surge in FY profit
from ordinary activities after tax attributable
    ** Sales revenues from ordinary activities jumps 43.2%
    ** Co says well placed for another strong year in FY24
    ** Stock down 10.3% YTD as of last close

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))