SG’s stock jumped 20% on the announcement, which came five weeks after the company reiterated guidance for an annual underlying profit of between A$88 million and A$95 million.
Related Posts
Fortescue’s Africa Iron Ore Ambitions Challenged by Gnarly Terrain
The Australian iron-ore giant is considering a big new mine in Gabon but first has to work out how it can transport the steel ingredient […]
Nintendo Cuts Switch Sales Forecasts After Weak Results
The Japanese videogame maker cut its annual forecasts for Switch console and software sales after disappointing first-half results.
Indian EV Maker Ola Electric Jumps in Trading Debut
Shares of Ola Electric Mobility jumped in their trading debut, reflecting strong investor interest in India’s nascent electric-vehicle market.