Australia's Weststar Industrial jumps on upbeat full-year outlook

Weststar Industrial

17/08/2021 03:58

** Shares of Weststar Industrial Ltd  WSI.AX  rise as much
as 11.5% to A$0.029, marking their biggest intraday pct gain
since Aug. 2
    ** Mining services provider says it has secured FY22
contracted revenue of A$185 mln ($135.25 mln) with existing
contracts  urn:newsml:reuters.com:*:nASX6cY4Wt
    ** Says execution strategy is in place to deliver
sustainable earnings in FY22 and moving forward to FY23
    ** Says it has maintained record cash balance, cash receipts
and cash reserves for the quarter
    ** Stock up 18.2% YTD, as of last close

($1 = 1.3678 Australian dollars)

 (Reporting by Arundhati Dutta in Bengaluru)
 ((Arundhati.Dutta@thomsonreuters.com;))