Australia's SRG Global jumps most in 3 months on solid FY results

SRG Global

22/08/2023 02:04

** Shares of SRG Global Ltd  SRG.AX  rise as much as 4.9% to
A$0.755, their biggest intraday pct gain since May 10  
    ** The diversified industrial services firm posts underlying
FY23 EDITDA of A$80 mln ($51.26 mln), 40% higher y/y
    ** Expects circa 20% EBITDA growth in FY24
    ** Declares fully franked dividend of 2 AU cents per share
in second half 
    ** SRG stock hits highest level since Aug 2
    ** About 760,881 shares change hands, compared with the
30-day average volume of 547,212
    ** Stock up 4.4% this year, as of last close


($1 = 1.5605 Australian dollars)

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com))