Lycopodium hits record high on raising profit, revenue outlook

Lycopodium

11/04/2023 02:01

** Shares of Australia's Lycopodium  LYL.AX  rise as much as
7.5% to A$9.3, hitting their record high
    ** The engineering consulting firm upgrades full-year net
profit after tax estimates to A$45 million ($29.94 million) from
a previous expectation of A$30 mln
    ** Also sees annual revenue at A$300 mln, compared with
A$280 mln expected before
    ** Shares of the co eye their best day since Feb. 22
    ** Stock has risen 26.3% this year, as of last close 

($1 = 1.5031 Australian dollars)

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))