BUZZ-Australia's Xtek hits nearly 5-month high on positive FY24 outlook
Reuters
Oct 16, 2023
** Shares of Xtek Ltd rise as much as 15.7% to A$0.480, their highest since May 23
** Ballistics and technology co says it has a pipeline of projects at various stages of qualification worth more than A$375 mln ($236.55 mln)
** Says it is positive about maintaining continued revenue growth and profitability in FY24
** Stock up for a third session, posts its biggest intraday pct gain since May 22
** Stock down 32% this year, as of last close
($1 = 1.5853 Australian dollars)
(Reporting by Aaditya Govind Rao in Bengaluru)
((Aaditya.Govindrao@thomsonreuters.com;))
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