Australia's Johns Lyng tops benchmark index on robust HY results, outlook

Johns Lyng

21/02/2023 24:16

** Shares of Johns Lyng Group  JLG.AX  advance as much as
13.2% to A$6.34, seeing their best session since Dec 13, 2021
    ** Buildings services provider reports HY profit after tax
attributable of A$25.2 mln ($17.42 mln), up more than
double-fold from previous year; declares interim dividend of 4.5
AU cents per share 
    ** Upgrades FY23 revenue forecast by 11.2% to about A$1.15
bln and expects earnings before interest, tax, depreciation and
amortisation of A$111.1 mln on account of robust growth in
"Business As Usual" and "Catastrophe" segments
    ** Stock emerges as top gainer on the benchmark index, hits
highest since the start of the year 
    ** Stock had fallen ~9.5% this year, as of last close
($1 = 1.4470 Australian dollars)
 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))