Australia's Lycopodium hits record high on HY profit jump

Lycopodium

21/02/2024 24:19

** Shares of Lycopodium  LYL.AX  rise as much as 9.99% to
A$13.430, hitting their highest level 
    ** The construction co says it achieved a half-year net
profit attributable of A$30 mln ($19.65 mln), up 52% from pcp
    ** Co says it is on track to achieve full-year outlook of
NPAT in the range of A$46 mln to A$50 mln
    ** Stock set for best day since April 17, if gains hold
    ** About 48,568 shares change hands, compared with the
30-day average volume of 32,598
    ** LYL stock up 4.4% YTD, as of last close

    ($1 = 1.5265 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))