Australia's Ventia Services hits record high on upbeat profit outlook

Ventia Services

21/08/2024 06:33

** Shares of Ventia Services  VNT.AX  rise 3.8% to record
high level of A$4.64
    ** Essential infrastructure services provider upgrades FY24
guidance range for net profit after tax, adjusted (NPATA) growth
to 10-12% compared to FY23
    ** Co reports HY NPATA of A$106.7 mln ($71.96 mln), up 12.5%
from a year earlier
    ** Adds, HY total revenue of A$3.1 bln, up 10.6% from a year
before
    ** Stock has risen 42.4% this year, as of last close

($1 = 1.4828 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))