Australia's Coast Entertainment rises most in over three years on upbeat annual outlook

Coast Entertainment Holdings

20/07/2026 01:47

** Shares of Australia's Coast Entertainment CEH.AX rise as much as 17.4% to A$0.54, marking their biggest intraday pct gain since July 10, 2023 
** Stock hits its highest level since March 18 
** The leisure and entertainment firm says FY26 revenue up 20.8% on prelim basis, underpinning strong demand from local market 
** Sees strong growth in FY26 EBITDA for both Theme Parks & Attraction business and on consol basis for group
** Adds Queensland government approved development application for co's 55-hectare Coomera landholding
** About 444,627 shares change hands, 1.7x the 30-day average
** Stock trims YTD losses to 2.7% 

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.kumar@thomsonreuters.com;))