Australia's Qube Holdings hits 4-year high on HY profit jump, outlook

Qube Holdings

22/02/2024 24:32

** Shares of Qube Holdings  QUB.AX  rise as much as 3.9% to
A$3.470, their highest level since Jan 29, 2020     
    ** The logistics co says it achieved net profit after tax
attributable of A$114 mln ($74.69 mln), up 7.5% from pcp
    ** Co says it expects FY24 underlying NPATA and EPSA will be
between 5% and 10% above the FY23 levels
    ** Stock set for best day since Nov 3, if gains hold    
    ** Stock among the top gainers in the benchmark index
 .AXJO 
    ** QUB stock up 5.3% YTD, as of last close

    ($1 = 1.5263 Australian dollars)

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