Australia's Saunders hits 1-month high as co reaffirms FY forecast

Saunders International

09/08/2022 05:50

** Shares of Saunders International Ltd  SND.AX  rise as
much as 3.9% to A$1.075, hit their highest level since July 4
    ** With FY results due at August-end, the steel storage tank
designer reaffirms that its annual EBIT is expected to be in
range of A$8.9 mln to A$9.4 mln ($6.21 mln - $6.56 mln),
compared with A$8.1 mln last year  urn:newsml:reuters.com:*:nASX9sjpZ9
    ** Expects FY revenue to be in the range of A$126 mln to
A$131 mln versus A$101.2 mln last year
    ** Adds that cash holding was A$36.7 mln, as of June 30
    ** Stock on track for a third straight session of gains
    ** Saunders stock up 5.6% this year, as of last close

    ($1 = 1.4329 Australian dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))