Australia's Ventia Services hits record high on strong FY24 outlook

Ventia Services

21/02/2024 01:01

** Shares of Ventia Services Group  VNT.AX  rise as much as
11.3% to hit a record high of A$3.740
    ** The infrastructure services provider posts FY NPATA of
A$202.1 million ($132.46 million), up 12.5% on FY22
    ** Declares final dividend of 9.41 AU cents per share
    ** Says, outlook for FY24 NPATA - growth of 7-10% on FY23
    ** Stock on track for its best day since Sept. 29, 2022 - if
current trends hold
    ** 2.4 million shares change hands, compared with the 30-day
average volume of 1.8 million
    ** Stock has risen 7% this year as of last close

($1 = 1.5258 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))