Australia's RPMGlobal jumps on earnings forecast upgrade

RPMGlobal Holdings

13/11/2023 05:36

** Shares of RPMGlobal Holdings  RUL.AX  rise as much as
5.1% to A$1.645, their highest since Aug. 31
    ** Mining support software maker posts its biggest intraday
percentage gain since Aug. 31
    ** Co says it sees FY24 profit before tax to be in the range
of A$16.5 million ($10.50 million)to A$18.0 mln, up from
previous forecast range of A$13.5 mln to A$15 mln
    ** Adds it sees FY24 total revenue to be in the range of
A$110 mln to A$115 mln, up from previous forecast range of A$107
mln to A$112 mln
    ** About 265,182 shares change hands, compared with the
30-day average volume of 234,793
    ** Stock currently up 3.2%. bringing YTD losses to 7.7%

($1 = 1.5721 Australian dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))