Australia's Super Retail rises on upbeat first-half outlook

SUPER RETAIL

14/01/2024 23:19

** Shares of Australia's Super Retail Group  SUL.AX  rise
4.5% to A$16.50 at market open
    ** The retailer eyes first-half revenue of A$2 billion
($1.34 billion), marginally ahead of A$1.96 billion reported for
H1 FY23
    ** Sees H1 FY24 profit before tax of A$200 mln to A$203 mln
    ** Says gross margin percentage for H1 FY24 is expected to
be higher than H1 FY23
    ** Group had no drawn bank debt and a positive cash balance
at the end of the first half 
    ** Stock has fallen 1.2% in the past month 

($1 = 1.4959 Australian dollars)

 (Reporting by Rishav Chatterjee in Bengaluru; Editing by Jamie
Freed)
 ((Rishav.Chatterjee@thomsonreuters.com;))