Australia's Southern Cross Electrical Engineering hits 5-yr high on strong FY profit

Southern Cross Electrical Engineering

30/08/2023 05:24

** Shares of Southern Cross Electrical Engineering  SXE.AX 
rise as much as 7.4% to A$0.795, reaching highest level since
Aug. 29, 2018
    ** Electrical and communications services co reports FY net
profit attributable of A$20.1 mln ($13.00 mln), up 31.6%
    ** Co declares a fully franked final dividend of 4
Australian cents per share 
    ** Stock set for best day since June 7, 2022, if gains hold
    ** SXE up 6.5% so far this year, as of last close


($1 = 1.5461 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))