Australia's Silk Logistics set for best-ever session on robust outlook

Silk Logistics Holdings

23/11/2022 03:31

** Shares of Silk Logistics Holdings Ltd  SLH.AX  up ~7%, on
track for biggest ever one-day jump, if gains hold
    ** Logistics services company says expects to grow revenue
and underlying earnings in FY23  urn:newsml:reuters.com:*:nASX5ypZkg 
    ** Says new sites and capacity are coming online in near
term in New South Wales, Queensland and Western Australia
    ** Stock rises as much as 8.4% to A$2.33, highest since Oct
26, before easing back
    ** Stock's gains on the day leads to swing to YTD gains of
~4% from YTD losses of 2.7% YTD as of Tuesday's close
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))