Australia's SDI rises on HY profit forecast, sales

SDI

04/01/2024 24:06

** Shares of Australia's SDI Ltd  SDI.AX  rise as much as 4%
to A$0.79, their highest level since Dec. 18, 2023
    ** Dental materials maker posts HY preliminary unaudited
sales of A$52.1 mln ($35.08 mln) vs A$50.5 mln in PCP
    ** 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
    ** Nearly 86,100 shares change hands by 2353 GMT, vs the
30-day average volume of 35,715 shares
    ** Stock fell 19.4% last year

($1 = 1.4852 Australian dollars)

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