Australia's LaserBond rises on strong FY21 rev outlook, signs N. America supply deal

LaserBond

28/05/2021 05:34

** Industrial equipment maker LaserBond Ltd  LBL.AX  rises
as much as 1.2% to A$0.815
    ** Co expects to achieve between 10%-12% revenue growth for
FY21 over the previous year  urn:newsml:reuters.com:*:nASXddDWC
    ** LBL also enters a license agreement with a N. American
manufacturer of high-performance products and equipment for
supply of LaserBond's cladding equipment during FY22 providing
revenue of A$1.5 mln ($1.16 mln)
    ** ~108,000 shares change hands vs 30-day average volume of
~81,000 shares
    ** LBL on track to post third consecutive session of gain;
up 28.8% this year, as of last close       


($1 = 1.2913 Australian dollars)

 (Reporting by Aditya Munjuluru in Bengaluru)
 ((aditya.srivastsav@thomsonreuters.com))