Australia's SRG Global jumps on outlook upgrade

SRG Global

23/07/2024 01:49

** Shares of SRG Global Ltd  SRG.AX  rise as much as 6.7% to
A$0.95, their highest level since Dec 22, 2017
    ** The construction & engineering firm sees FY24 earnings
before interest taxes depreciation and amortization (EBITDA) to
be at the upper-end of A$98 mln ($65.04 mln) - A$99 mln forecast
range
    ** Co says FY25 EBITDA is expected to be 10% higher than in
FY24
    ** SRG stock up 32.8% YTD, as of last close 
 

    ($1 = 1.5067 Australian dollars)

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))