PRN +10.60%: The mining services company that used to be known as Ausdrill upped their FY23 guidance today saying that improved conditions and a contract for work at Evolution Mining’s Ernest Henry mine were the main drivers i.e. operational performance rather than anything else.
The details as follows:
- Now expects FY23 revenue of A$2.7b-2.9b vs A$2.6b-2.7b previously
- Now sees FY23 EBITA of A$230m-250m vs A$215m-230m previously
MM remains bullish on PRN while it is delivering operationally
Add To Hit List
