Australia's Qualitas surges on securing multi-million dollar capital commitment

Qualitas

30/09/2022 03:35

** Shares of Australia's Qualitas  QAL.AX  rise as much as
4.6% to A$2.26 - set to climb the most since Sept 6 if gains
hold
    ** Alternative real estate investment manager secures new
A$440 mln ($285.87 mln) commitment from a global institutional
investor for its Construction Debt Fund II  urn:newsml:reuters.com:*:nASX99d0Hj
    ** Says new capital raised in the first three months of FY23
totals A$1.19 bln
    ** Co also reaffirms its forecast for FY23 net profit before
tax in the range of A$30 mln to A$33 mln
    ** Stock on track for a loss of 1.3% this week
    ** Stock had fallen 12.9% this year, as of last close
($1 = 1.5392 Australian dollars)
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))