Australia's LGI rises on higher FY23 forecast

Lgi

14/06/2023 02:11

** Shares of LGI Limited  LGI.AX  rise as much as 4.4% to
A$2.350, their highest since June 2
    ** The renewable energy and carbon abatement co says it
expects unaudited underlying EBITDA for FY23 between A$13.9 mln
and A$14.5 mln ($9.41 mln-$9.82 mln), representing an increase
from earlier forecast of A$13.1 million 
    ** Says underlying revenue outlook for FY23 is between
A$32.2 mln and A$32.8 mln, representing between 3% and 4.9%
increase on earlier forecast of A$31.3 mln
    ** Stock up 25% this year, as of last close

    ($1 = 1.4773 Australian dollars)

 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))