Australia's Quickstep hits 1-1/2-month high on upbeat FY24 outlook

Quickstep Holdings

24/07/2023 01:50

** Shares of Quickstep Holdings Ltd  QHL.AX  rise as much as
8.3% to A$0.325, their highest level since June 7
    ** Aerospace engineering co says strong H2 FY23 performance
is resulting in a profitable FY23 exit run rate, leading into a
positive profit outlook in FY24 
    ** Posts unaudited underlying net loss of A$3.9 mln for FY23
    ** Says Q4 FY23 saw record sales delivered and a return to
profitability for co 
    ** Posts unaudited FY23 group revenue of A$94.4 mln, up 9%
pcp
    ** Stock posts biggest intraday pct jump since July 13
    ** Shares down 44.4% YTD, as of last close 

($1 = 1.4863 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))