Australia's SRG Global climbs on upbeat FY23 outlook

SRG Global

20/07/2022 01:52

** Shares of construction contractor SRG Global  SRG.AX 
climb as much as 7% to A$0.685, their highest since April 19
    ** Co expects FY22 EBITDA to be at the top end of previous
forecast of A$54 mln - A$57 mln ($37.27 mln - $39.34 mln)
 urn:newsml:reuters.com:*:nASX60Vvlt
    ** Expects FY23 EBITDA to be about 25% higher than FY22
EBITDA result 
    ** Shares mark their biggest intraday gain since May 18
    ** As of last close, stock up 25.5% this year

    ($1 = 1.4491 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))