Australia's SDI hits 4-week high on HY profit forecast, sales

SDI

04/01/2024 03:13

(Updates share moves, adds result details)
    ** Shares of Australia's SDI Ltd  SDI.AX  rise as much as
5.3% to A$0.80, their highest level since Dec. 7
    ** Dental materials maker posts HY preliminary unaudited
sales of A$52.1 mln ($35.08 mln) vs A$50.5 mln in PCP
    ** Says during first six months of FY24, product margins
increased by 5%      
    ** For HY ended Dec. 31, 2023, co sees net profit after tax
of A$2.8 mln-A$3.4 mln vs A$2.7 mln in PCP
    ** About 154,993 shares change hands by 0300 GMT, vs the
30-day average volume of 34,681 shares
    ** Stock fell 19.4% in 2023, posting its second consecutive
annual losses    

($1 = 1.4852 Australian dollars)

 (Reporting by Roshan Thomas and John Biju in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))