Australia's Rectifier Technologies rises most in over 4 months as co ups FY profit outlook

Rectifier Technologies

07/08/2019 06:22

** Shares of Rectifier Technologies Ltd  RFT.AX  rise as
much as 21.1% to $0.069, their biggest intraday percentage gain
since April 4
    ** The electronic magnetic component producer raised
full-year profit guidance within range of about A$2.5 mln to
A$3.5 mln ($1.67 mln -$2.34 mln)    
    ** The company had previously expected net income before
taxes of about A$1.9 mln ($1.27 mln)
    ** More than 2.6 mln shares change hands, compared with the
30-day average volume of 2.3 mln
    ** Stock has risen 67.7% this year, as of last close

($1 = 1.4934 Australian dollars)

 (Reporting by Shruti Sonal in Bengaluru)
 ((Shruti.Sonal@thomsonreuters.com;))