BUZZ-New Zealand's Radius Residential Care advances on outlook upgrade

Reuters
Aug 07
BUZZ-<a href="https://laohu8.com/S/NZERF">New Zealand</a>'s <a href="https://laohu8.com/S/RAD.NZ">Radius Residential Care</a> advances on outlook upgrade

** Shares of Radius Residential Care Limited RAD.NZ rise 3.9% to NZ$0.4, headed for their strongest trading session since July 18, if gains hold

** Stock hits highest level since August 1

** Aged care services provider increases 1H26 underlying EBITDA to NZ$14 million-NZ$16 million ($8.31 million-$9.50 million) vs earlier guidance NZ$12 million-NZ$15 million

** Attributes forecast revision to improvements in occupancy among other factors

** More than 10.4 million shares change hands, nearly 96x 30-day average volume of around 108,000 shares

** Stock jumps nearly two-fold YTD, including the day's moves

($1 = 1.6846 New Zealand dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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