Australia's Solvar rises on revising annual earnings guidance

Solvar

23/07/2024 02:02

** Shares of Solvar Ltd  SVR.AX  rise as much as 5.5% to
A$1.113, their highest since July 1
    ** Consumer Lender revises lower end of its FY guidance
range for normalised net profit after tax to A$27 million-A$30
million ($17.92 million-$19.91 million), from A$25 mln-A$30 mln
range
    ** Co intends to declare a final dividend of 5 Australian
cents per share
    ** SVR stock down 20.1% YTD as of last close

($1 = 1.5069 Australian dollars)
    

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))