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SAGA Saga News Story

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FinancialsSpeculativeMid CapMomentum Trap

UK’s Saga rallies after H1 results, on track for FY profit

** Shares of Saga PLC SAGA.L rise 8.3% to 235p

** Stock at highest since May 2022; top gainer on FTSE Small Cap index .FTSC

** Co reports H1 underlying revenue up 7% y/y to 320.5 mln pounds ($432.3 mln); trading EBITDA rises 8% y/y to 67.5 mln pounds

** “In Travel, we have strong forward bookings for the second half of the year” - co

** Firm on track to achieve FY underlying profit before tax in line with prior year despite higher finance costs

** Including session's gains, stock up about 93% YTD

($1 = 0.7414 pounds)

 (Reporting by Judes Joseph in Bengaluru)

 ((judes.joseph@thomsonreuters.com;))

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