Australia's Lycopodium hits near 5-wk high on strong FY results, upbeat outlook

Lycopodium

22/08/2023 04:36

** Shares of Lycopodium  LYL.AX  rise as much as 4.4% to
A$10.180, their highest level since July 20
    ** Construction services provider reports FY profit of
A$46.8 mln ($30.01 mln), up 72.1% from previous year
    ** Co declares fully-franked final dividend of 45 Australian
cents per share
    ** Adds that co sees strong financial performance in FY 2024
    ** Stock has risen 42.3% this year as of last close

($1 = 1.5596 Australian dollars)

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