Australia's AMA Group surges on upbeat Q3 trading update

Ama

01/05/2025 04:17

** Shares of AMA Group AMA.AX rise as much as 29% to A$0.080, their highest since November 16, 2023; last up 19.4%

** Stock set for its strongest session since July 31, 2023

** Auto collision repair co posts a 97.2% increase in Q3 normalised EBITDA compared to last year

** Co sees FY25 normalised EBITDA to be between A$58 million and A$62 million ($39.7 million)

** About 54.4 mln shares traded in stock's busiest session since September 5, 2024

** Stock up 32.1% YTD, including current session's moves

($1 = 1.5605 Australian dollars)

 (Reporting by Manasi Dasa in Bengaluru)

 ((Manasi.DasaSundeep@thomsonreuters.com;))