ALS Limited announced a trading update; Increased its FY23 guidance

ALS Limited (ASX: ALQ) announced the completion of its Asset Care business divestment to SRG Global for AU$80 million. The purchase was a significant milestone in the company's overall portfolio re-alignment plan, which aligned with the strategic goal for 2027. The proceeds have been incorporated into the company's capital management structure, bolstering the company's strong balance sheet and redirecting money to higher growth end-market prospects.

The company has successfully executed its growth strategy, resulting in excellent organic and scope revenue growth. Due to its current performance, the company has increased its FY23 underlying net profit after tax (NPAT) target range to between AU$312 million and AU$322 million1, up from AU$300 million to AU$320 million previously.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com