Australia's Wagners Holding gains on strong HY results

Wagners Holding

22/01/2024 02:39

** Shares of Wagners Holdings  WGN.AX  rise as much as 5.1%
to A$0.920, set for best day since Jan 4 - if gains hold 
    ** Construction materials producer reports HY group
operating profit of A$20 mln ($13.21 mln), up from A$4.2 mln in
prior corresponding period 
    ** HY revenue A$264 mln ($174.35 mln), up 20% on pcp due to
strong underlying trading conditions seen in construction
materials and services business
    ** Co forecasts FY24 group operating profit in the range of
A$31 mln to A$34 mln 
    ** Stock hits highest level since Jan 5 
    ** Stock had fallen 12.5% this year, as of last close

($1 = 1.5142 Australian dollars)

 (Reporting by Archishma Iyer in Bengaluru)
 ((Archishma.Iyer@thomsonreuters.com;))