Australia's Korvest climb to 8-week high on higher expected FY profit

Korvest

10/12/2024 24:13

** Shares of infrastructure company Korvest  KOV.AX  rise as
much as 4.4% to A$10.18, their highest since Oct. 15
    ** Co is set to deliver a significant increase in project
work value during the second interim of FY25
    ** Expects higher project work value to allow for higher
FY25 profit compared to the previous year
    ** Stock posts its biggest intraday percentage gain since
Sept. 19
    ** Stock has fallen 17.2% YTD, as of last close

 (Reporting by Nichiket Sunil in Bengaluru)
 ((Nichiket.Sunil@thomsonreuters.com))