Australia's Supply Network hits record high on revenue outlook

Supply Network

19/11/2021 04:51

** Shares of the automobile parts provider  SNL.AX  rise as
much as 17.9% to A$9.55, an all-time high
    ** Co says it expects first-half revenue of about A$95 mln
vs A$78 mln last yr and profit after tax of A$9.5 mln vs A$6.1
mln year ago  urn:newsml:reuters.com:*:nASX7HKXm5
    ** Co expects revenue to continue to grow in H2 and profit
after tax to be similar to H1
    ** Stock posts its biggest intraday pct gain since October
2020
    ** Stock is among the top pct gainers in the ASX All
Ordinaries index  .AORD  
    ** As of last close, stock is up 45.2%, compared with an
12.6% increase in the AORD index

 (Reporting by Navya Mittal)
 ((Navya.Mittal@thomsonreuters.com;))