Australia's Steadfast Group rises on forecast upgrade

Steadfast

21/06/2024 02:20

** Shares of Steadfast Group  SDF.AX  rise as much as 2.95%
to A$5.93, their highest level since May 13
    ** Insurance broker upgrades FY24 underlying earnings before
interest, taxes, depreciation, and amortization (EBITA) forecast
range to A$525 mln ($349.28 mln)-A$530 mln, from A$520 mln-A$530
mln
    ** Co upgrades underlying net profit after tax (NPAT)
forecast range to A$248 mln-A$253 mln, from A$240 mln-A$250 mln
    ** Stock had fallen 1.03% this year, as of last close

($1 = 1.5031 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))