Austal upgrades FY guidance

Group flags higher full-year net profit after research and development tax credits; affirms full-year EBITDA guidance.

Austal Ltd upgraded its full-year earnings guidance after flagging the non-cash recognition of research and development tax credits from prior years.

In a statement to the Australian Securities Exchange, Austal said it expects net profit after tax in the range of $35 million to $40 million, up from a previous target range of between $23 million and $26 million.

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