Australia's Supply Network hits record high on upbeat forecast

Supply Network

25/11/2022 04:50

** Shares of Supply Network Ltd  SNL.AX  rise as much as
2.9% to their best ever at A$12.25
    ** Aftermarket vehicle parts seller sees H1FY2023 profit
after tax in range of A$12 mln ($8.13 mln) to A$12.5 mln
 urn:newsml:reuters.com:*:nASX7WkR61
    ** Expects revenue of A$116 mln-A$118 mln
    ** SNL says likely to meet or exceed all of the financial
targets detailed in its business plan for FY2024, by the end of
this FY 
    ** Stock up 13.2% YTD, as of last close 
($1 = 1.4751 Australian dollars)
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))