MS International rises on full-year profit
28/06/2022 13:07
** Shares of London-listed engineering company MS
International Plc MSTL.L up 8.3% at 300p
** Co posts FY adjusted pretax profit of 5.97 mln pounds vs
a loss last year, as the business recovered from COVID lows
** Says receiving instructions from major customers to
recommence projects on hold
** FY revenue up 21% to 74.52 mln pounds urn:newsml:reuters.com:*:nFWN2YF03C
** Co says it looks forward to approval from U.S. Navy on
co's 30mm naval weapon system project
** Stock posts its biggest intraday pct gain since March
2022
** Including session's gains, stock has risen ~35.93% YTD
($1 = 0.8168 pounds)
(Reporting by Hani Kollathodi)
((Hani.Kollathodi@thomsonreuters.com;))