Australia's Stealth Global jumps most in over 2-1/2 months on upbeat outlook

Stealth group

29/11/2021 04:01

** Shares of safety products supplier Stealth Global
Holdings Ltd  SGI.AX  rise as much as 25% to A$0.150, their
biggest jump since Sept. 8
    ** Co posts a strong start to its first half with record
sales month in October of A$8.47 mln  ($6.05 mln)   urn:newsml:reuters.com:*:nASX137gTn
    ** Co says it was awarded several new customer contracts in
Australia with combined annual value more than A$18 mln
    ** Adds that its new business, C&L Tool Centre and Skippers
Transport Parts, are expected to deliver an additional annual
revenue of about A$32 mln and EBITDA of about A$2.4 mln
    ** Says digital sales in the form of online marketplaces are
expected to be a significant future growth area for all its
businesses
    ** Trading volumes at 529,559, over triple of that of the
30-day avg of 158,237
    ** Stock at its highest since Nov. 11, having risen 20% this
year, as of last close

($1 = 1.4006 Australian dollars)

 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))