BUZZ-Australia's Advanced Braking Technology hits five-year high on upbeat FY outlook

Reuters
07/29
BUZZ-Australia's <a href="https://laohu8.com/S/ABV.AU">Advanced Braking Technology</a> hits five-year high on upbeat FY outlook

** Shares of Advanced Braking Technology Ltd ABV.AX rise as much as 12.2% to A$0.092, hitting their highest level since July 1, 2020

** Stock currently up 9.8%, set for best day since early May if trend holds

** Braking systems manufacturer sees reported net profit after tax (NPAT) for FY25 to be A$1.78 mln ($1.16 mln), up 5% vs prior corresponding period (pcp)

** Co records sales revenue of A$5.6 mln for Q4 FY25, up 27% on pcp

** Around 2.8 mln shares change hands, 16.6x the 30-day avg trading volume of about 171,479 shares

** YTD, stock up 8.4%, including the session's gains

($1 = 1.5333 Australian dollars)

(Reporting by Shruti Agarwal in Bengaluru)

((Shruti.Agarwal@thomsonreuters.com))

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