BUZZ-Australia's Aspen Group climbs on FY25 guidance upgrade

Reuters

2024/11/15

BUZZ-Australia's <a href="https://laohu8.com/S/1F3.SI">Aspen</a> Group climbs on FY25 guidance upgrade

** Shares of Aspen Group APZ.AX soar as much as 6.3% to A$2.370, hitting their highest since early Oct

** The real estate developer upgrades its FY25 underlying earnings per share guidance to 16 AU cents per share, compared with 15.2 AU cents announced previously

** Co says upgrade mainly reflects higher expected development profit offsetting reduced earnings due to the disruptions to corporate and student customers

** Shares to see best day since Nov 8 — if current trend holds

** Including session's moves, stock has risen ~40.2% YTD

(Reporting by Archishma Iyer)

((Archishma.Iyer@thomsonreuters.com))

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