Australia's Supply Network hits over 1-month high on upbeat forecast
26/05/2023 06:18
** Shares of Supply Network Ltd SNL.AX rise as much as
4.6% to A$13.28, their highest since April 12
** Aftermarket vehicle parts seller sees FY2023 profit after
tax of approximately A$26.5 mln
** Expects annual sales revenue of ~A$250 mln
** The company said its current rate of growth remains well
above historical levels, suggesting strong growth in underlying
target markets
** Stock has risen 1.7% this year, as of last close
(Reporting by Mehr Bedi in Bengaluru)
((Mehr.bedi@thomsonreuters.com))
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