BUZZ-Australia's Korvest climb to 8-week high on higher expected FY profit

Reuters

2024/12/10

** Shares of infrastructure company Korvest rise as much as 4.4% to A$10.18, their highest since Oct. 15

** Co is set to deliver a significant increase in project work value during the second interim of FY25

** Expects higher project work value to allow for higher FY25 profit compared to the previous year

** Stock posts its biggest intraday percentage gain since Sept. 19

** Stock has fallen 17.2% YTD, as of last close

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))

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