CORRECTED-BUZZ-Australia's Aussie Broadband rises on upbeat results, revised forecast

Reuters
02-24
CORRECTED-BUZZ-Australia's <a href="https://laohu8.com/S/ABB.AU">Aussie Broadband</a> rises on upbeat results, revised forecast

Corrects date in second bullet to March 13, 2024

** Shares of Aussie Broadband ABB.AX rise 4.2% to A$3.990

** Stock earlier rose to A$4.290, marking its highest level since March 13, 2024

** Internet service provider posts HY NPAT of A$12.2 million ($7.77 million), up 23.8% from last year

** Co upgrades underlying EBITDA guidance to be between A$133 million and A$138 million, from the previous range of A$125 million to A$135 million

** Uplift in guidance and ABB's reiteration of its commitment to reach 100,000 subscribers for Buddy in the next 2-3 years illustrate the Group's confidence in its growth trajectory - Citi

** Co raises FY capex guidance by A$20 million

** Stock up 11.5% YTD, including session's moves

($1 = 1.5699 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.shaikh@thomsonreuters.com))

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