** Shares of HighCom rise as much as 10.3% to A$0.160, on track for their best day since April 24, if gains hold
** International defense services provider sees a turnaround to profitability in second half
** Sees positive EBITDA earnings of A$1 mln ($661,100.00) to A$3 mln in 2HY
** Co expects to continue to trade profitably in FY25 based on current sales activity
** However, co sees FY24 EBITDA to be a A$10 mln to A$12 mln loss after posting a loss in the first half
** About 146,000 shares change hand compared to 30-day average trading volume of 127,753 shares
** Stock down 62.3% YTD as of last close
($1 = 1.5126 Australian dollars)
(Reporting by John Biju in Bengaluru)
((John.Biju@thomsonreuters.com;))
Comments