Australia's Close the Loop rises on return to profit, flags potential buybacks and dividends
24/08/2026 06:34
BUZZ-Australia's Close the Loop rises on return to profit, flags potential buybacks and dividends ** Close the Loop CLG.AX rises as much as 13.2% to A$0.0430, its highest level since Jan 2
** Waste management and recycling firm reported FY26 adjusted NPATA of A$1.4 million ($1.00 million), reversing an A$5.4 million loss a year earlier
** Adds, the Board is evaluating capital management initiatives, including potential dividends and share buybacks, for FY27
** Co reconfirms FY27 EBITDA forecast of A$14 million to A$16 million, implying roughly 13% to 30% growth over FY26
** YTD, the stock is up 2.6%, including the session's moves
($1 = 1.3951 Australian dollars)
(Reporting by Subhalakshmi Dey in Bengaluru)
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