Australia's Southern Cross Electrical climbs to 4-month high on upbeat results, forecast

Southern Cross Electrical Engineering

19/02/2025 01:05

** Shares of Australia's Southern Cross Electrical
Engineering  SXE.AX  rise 10.7% to A$1.715
    ** Stock hit its highest level since October 2024
    ** The engineering firm announces HY net profit attributable
of A$16.2 mln ($10.29 mln), up 67.8% from last year
    ** Co also declares an interim dividend of 2.5 Australian
cents per share vs 1 Australian cent last year
    ** Co also expects data centre revenue of A$120 mln in FY25
    ** Stock up 10.2% YTD, including current session's moves

    ($1 = 1.5746 Australian dollars)
    

 (Reporting by Manasi Dasa Sundeep in Bengaluru)
 ((Manasi.DasaSundeep@thomsonreuters.com;))