Australia's SKS Technologies rises on strong FY24 revenue forecast

SKS Technologies

08/07/2024 03:48

** Shares of SKS Technologies Group  SKS.AX  rise as much as
20% to A$1.20, their highest level since Feb. 12, 1990
    ** Stock posts its biggest intraday pct gain since Sept. 16,
2022
    ** Technology co expects total annual revenue to be about
A$130+ mln ($87.70 mln) for FY24, up from previously forecasted
A$120+ mln
    ** About 315,465 shares change hands, compared with the
30-day average volume of 81,134 shares
    ** Stock had fallen more than double this year, as of last
close


($1 = 1.4824 Australian dollars)

 (Reporting by Megha Rani in Bengaluru)
 ((Megha.Rani2@thomsonreuters.com;))