Australia's SDI hits near 8-week peak on strong results, forecast

SDI

02/07/2024 04:46

** Shares of SDI Ltd  SDI.AX  rise as much as 12.8% to
A$0.880, their highest level since May 10 
    ** Dental technology co sees FY24 reported net profit after
tax (NPAT) between A$9.5 mln ($6.31 mln) and A$10.0 mln 
    ** Co posted NPAT of A$7.1 mln in FY23 
    ** Says preliminary unaudited sales increased 3.2% in FY24 
    ** Says results due to a strong increase in European sales
    ** Nearly 352,100 shares change hands, compared with the
30-day average volume of 32,004 shares 
    ** Stock up 7.6% YTD, as of last close
   
($1 = 1.5065 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))