New Zealand's Savor eyes best day in 4-yrs on upbeat guidance
26/03/2024 22:01
** Shares of Savor SVR.NZ rise as much as 23.7% to
NZ$0.235, set for their best day since March 24, 2020 if current
gains hold
** Stock hits highest level since Feb. 23
** Hospitality firm says expects annual net profit after tax
to be between NZ$1.5 mln and NZ$2 mln ($900,450.00 - $1.20 mln)
adjusted for non-cash items
** Co reported total net loss after tax of NZ$2.3 mln for
year ended March 31, 2023
** Provides full-year guidance of EBITDA between NZ$8.5 mln
and NZ$9.0 mln, up from NZ$5.2 mln last year
** Adds revenue is expected to exceed NZ$60 mln for the
year, higher than the NZ$52.4 mln reported the previous year
** About 78,016 shares change hands, compared with the
30-day average volume of 19,669
** Stock has fallen 22.5% this year, as of last close
($1 = 1.6658 New Zealand dollars)
(Reporting by Sneha Kumar in Bengaluru)
((Sneha.Kumar@thomsonreuters.com;))