Australia's SDI jumps on strong FY profit

SDI

27/08/2024 03:09

** Shares of SDI Ltd  SDI.AX  rise as much as 2.7% to
A$0.955, their highest level since July 19
    ** The dental technology co says its full-year net profit
after tax increased by 47.7% to A$10.4 mln ($7.05 mln)
    ** Co reported a 3% uptick in annual sales, helped by growth
in its aesthetics products department
    ** Stock set for best day since Aug 22, if gains hold   
    ** SDI up 22.3% YTD, as of last close
   ($1 = 1.4756 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))