Australia's Acrow jumps on upbeat annual earnings view for division

Acrow

03/06/2026 05:00

** Shares of Acrow ACF.AX rise as much as 11.9% to A$0.99, their highest since April 27
** Stock logs biggest intraday pct gain since early October 
** Construction services provider sees FY26 revenue for industrial access division exceeding A$200 million ($143.44 million), up by 50% from FY25
** Adds segment's recently acquired businesses, Above Scaffolding and Brand Australia, have exceeded revenue and profit expectations for the year
** More than 1.3 million shares change hands, 2.8 times the 30-day average
** Stock down 4.4% YTD, including the day's moves

($1 = 1.3943 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))