Australia-based Southern Cross Electrical hits 4-year high on strong results

Southern Cross Electrical Engineering

31/08/2022 03:46

** Shares of electrical and communication services provider
Southern Cross Electrical Engineering Ltd  SXE.AX  rise as much
as 3.5% to A$0.74, their highest since Aug. 30, 2018
    ** Co posts FY22 revenue from ordinary activities of A$553.3
mln ($379.45 mln), compared with A$370.2 mln ($253.88 mln) a
year ago, benefiting from an increase in activity in the
resources sector and inclusion of revenue from Trivantage
businesses  urn:newsml:reuters.com:*:nFWN306184
    ** Says FY22 net profit attributable rose 10.9% to A$15.3
mln, declares final dividend of 4.0 Australian cents per share 
    ** Expects FY23 EBITDA between A$36 mln and A$38 mln,
compared with a record A$35.3 mln in FY22 
    ** About 360,000 shares change hands, vs the 30-day average
of ~150,000 shares
    ** Stock up 19.2% YTD, as of last close 

($1 = 1.4582 Australian dollars)

 (Reporting by John Biju)
 ((John.Biju@thomsonreuters.com;))