Australia's Supply Network rises on upbeat earnings guidance

Supply Network

27/11/2024 04:20

** Shares of Supply Network  SNL.AX  rise as much as 4.9% to
A$31, its largest intraday pct gain since early October
    ** The auto parts firm sees HY revenue of around A$170 mln
($110.11 mln), with PAT of A$19.5 mln-A$20 mln for FY 2025
    ** Co posted revenue of A$145 mln and a PAT of A$15 mln in
the same period last year
    ** Stock hits highest level since Nov. 18
    ** Stock up 87.7% YTD, including current session's moves
    

($1 = 1.5439 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))