Capral (ASX:CAA) has issued a market update indicating a positive outlook for the full year ending Dec. 31.
The company had previously set a guidance range for its underlying EBITDA between $50 million to $54 million and net profit after tax between $23 million to $27 million, as disclosed in its half-year results on Aug. 28.
Capral announced the improvement in market conditions during the second half of the year, which has led to an anticipated increase in earnings.
The company now expects its 2024 earnings to reach the upper end of its guidance range, or potentially exceed it.
Capral is an ASX-listed firm engaged in the manufacturing, marketing and distribution of fabricated and semi-fabricated aluminum-related products.
The company produces a range of extruded aluminum products and systems. It distributes those manufactured products in addition to a small number of bought-in products through two distribution channels.
At the time of reporting, Capral's share price was $10.00.