Australia's SDI hits over 9-month high on trading update

SDI

24/11/2022 24:53

** Shares of SDI Ltd  SDI.AX  jump as much as 5.2% to
A$0.910, highest since Feb. 18
    ** Dental restoratives maker says sales in the first 4
months of FY23 up 11.6% in local currency
    ** Says Australian direct exports up 19.7% in the first 4
months
    ** Says gross margin for the first 4 months of FY23 up 2% to
55% on pcp
    ** Co says short-term logistic costs remain challenging
offset by price increases
    ** Biggest intraday pct gain since July 21
    ** Stock has fallen 14.8% this year, as of last close
 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))