Shape Australia hits 2-week high on upbeat FY23 guidance

SHAPE Australia

29/06/2023 06:03

** Shares of Shape Australia Corp Ltd  SHA.AX  rise as much
as 3.9% to A$1.45, their highest since June 14 
    ** Building contractor and construction co sees revenue in
excess of A$850 mln ($561.77 mln) for FY23, up about 30% pcp    
    ** Stock posts biggest intraday pct jump since June 16
    ** Co sees EBITDA between A$18.5 mln and A$19.5 mln for
FY23, up over 20% pcp
    ** Sees NPAT between A$9.5 mln and A$10.5 mln, up over 35%
pcp
    ** Co expects new project wins of over A$800 mln for FY23 
    ** Shares down 8.2% YTD, as of last close 
   
($1 = 1.5131 Australian dollars)

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