Australia's Probiotec hits over 2-mth high on H1 forecast

Probiotec

28/11/2022 02:15

** Shares of Probiotec Ltd  PBP.AX  rise as much as 5.9% to
A$2.34, their highest since Sept 9
    ** Consumer products maker expects H1 FY23 of A$100 mln to
A$105 mln ($66.7 mln to $70.1 mln)  urn:newsml:reuters.com:*:nASXHm50b
    ** Expects EBITDA of A$15.5 mln to A$16.5 mln
    ** Expects to see slight margin pressure in FY23, and for
that to unwind in FY24
    ** Shares of co are up 0.5% YTD as of last close 
 
 ($1 = A$1.4986)
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))