Australia's Somnomed eyes best day in nearly 17 yrs on FY forecast upgrade
** Shares of Somnomed SOM.AX climb as much as 48.2% to A$0.400, marking their biggest intraday gain since January 2008
** Co, which provides treatment solutions for sleep-related breathing disorders, upgrades FY25 revenue forecast by 5% to ~A$105 mln ($67.95 mln)
** Also raises FY25 EBITDA forecast to more than A$7 mln vs previous forecast of more than A$5 mln
** Says Q1 FY25 total revenue rose 18.2%
** Stock hits its highest level since Oct. 7
** As of last close, stock was down 30.2% YTD
($1 = 1.5454 Australian dollars)
Reporting by Himanshi Akhand in Bengaluru
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