Australia's Link Administration set for best day in 1 year on FY24 forecast upgrade

Link Administration Holdings

28/11/2023 01:31

** Shares of Link Administration Holdings  LNK.AX  rise as
much as 10.1% to A$1.310, hitting their highest level since Oct
18
    ** Stock set for best day since Nov 30, 2022, if gains hold
    ** The business support services provides upgraded FY24
group revenue outlook of at least 6.5% growth
    ** Co says upgraded earnings before interest and tax growth
forecast between 7% and 9%
    ** Stock down 39.8% this year, as of last close

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((Shivangi.Lahiri@thomsonreuters.com;))