Australia's Quickstep Holdings jumps on positive forecast

Quickstep Holdings

15/11/2022 01:58

** Shares of Quickstep Holdings Ltd  QHL.AX  rise as much as
9.5% to A$0.460, their biggest intraday pct gain since Aug 25 
    ** The composite component manufacturer says it sees FY23
Revenue A$100 mln ($66.93 mln), up more than 15% on a yearly
basis  urn:newsml:reuters.com:*:nASX4jK7wv
    ** Co sees underlying earnings before interest, tax,
depreciation and amortisation of $A6.5 mln for FY23, up greater
than 35% year-on-year
    ** Co also adds business is recovering well from the
significant challenges of CY22 
    ** Stock posts its highest since Sept 16
    ** More than 74,000 shares change hands, vs the 30-day
average volume of 23,000 shares
    ** Stock has fallen 4.6% this year as of last close
($1 = 1.4941 Australian dollars)
 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))