Australia's Symbio rises on target to grow core profit in FY24

Symbio Holdings

20/02/2023 03:27

** Shares of Symbio Holdings Ltd  SYM.AX  rise as much as
7.4% to A$1.955, set to mark best day since Jan 20
    ** Cloud communications software company says focussing on
achieving additional operating efficiencies to return to EBITDA
growth in FY24
    ** Says reducing FY23 capital expenditure by A$2 mln ($1.38
mln) by deferring selected product development and projects
    ** Stock up 17% this year, as of last close
    ($1 = 1.4516 Australian dollars)
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))