Australia's SKS Technologies jumps most in nearly 2 weeks on forecast raise

SKS Technologies

16/11/2021 03:30

** Shares of SKS Technologies  SKS.AX  rise as much as 5.6%
to A$0.190, mark their biggest intraday pct gain since Nov. 5   
    ** The communication networking solutions provider says it
has raised its sales revenue forecast for H1 FY22 by 112% over
the same quarter last year  urn:newsml:reuters.com:*:nASX2yGCj9 urn:newsml:reuters.com:*:nFWN2S62MH
    ** Says profit before tax is expected to be 36% higher at
A$0.9 million ($900,000) for H1 FY22 
    ** Expects to deliver about A$6.5 mln in sales revenue
growth for the current half of FY22
    ** Stock hits highest since Nov 8 
    ** Stock has fallen 7.7% this year as of last close


($1 = 1.3580 Australian dollars)

($1 = $1.0000)

 (Reporting by Roushni Nair in Bangalore.)
 ((Roushni.Nair@thomsonreuters.com))