Gunns says sticks to fiscal 2009 profit guidance

SYDNEY, Nov 20 (Reuters) - Australian timber group Gunns Ltd (GNS.AX) was not aware of any information to explain sharp moves in its share price and the company reiterated its previous earnings guidance for fiscal 2009, Gunns said on Thursday.

Gunns shares fell sharply on Wednesday on speculation, later denied by the company, that its Bell Bay pulp mill project on the island state of Tasmania had collapsed. ($1=A$1.57) (Reporting by James Thornhill, editing by Denny Thomas)