Australia's ARB Corp hits record high after profit beats estimates
25/08/2026 02:03
BUZZ-Australia's ARB Corp hits record high after profit beats estimates ** Shares of Australia's ARB Corporation ARB.AX rise as much as 24.4% to A$23.490, marking record intraday pct gain
** Stock hits its highest level since March 11 and is the top gainer on the ASX200 benchmark index .AXJO, as of 0048 GMT
** Motor vehicle accessories maker posts FY26 underlying profit before tax of A$118.6 million ($84.88 million), beating Visible Alpha consensus of A$115.5 million by 2.7%
** Co declared a final dividend of 35 AU cents per share, ahead of the VA consensus of 31.4 AU cents per share
** Stock down 30.2% YTD, including sessions' moves
($1 = 1.3972 Australian dollars)
(Reporting by Shravya Marakini in Bengaluru)
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