Australia's SKS Technologies soars to 6-month high on upgraded FY25 profit outlook

SKS Technologies

01/08/2025 02:26

Aug 1 (Reuters) - ** Shares of Australia's SKS Technologies SKS.AX rise as much as 8.1% to A$2.400 — highest since January 16
** Co set for its best day since July 16
** Advanced electrical technology solutions company increases its FY25 profit before tax outlook to A$20.8 mln ($13.38 mln) from A$18 mln announced in May
** Around 347,600 shares change hands vs 30-day average of ~267,200
** Stock last up 5.6%, bringing YTD gains to 27.8%

($1 = 1.5547 Australian dollars)

(Reporting by Keshav Singh Chundawat in Bengaluru)

((Keshav.SinghChundawat@thomsonreuters.com))