Australia's Dyno Nobel at 10-month high on upbeat FY25 EBIT forecast

Dyno Nobel

01/10/2025 03:35

** Shares of Dyno Nobel DNL.AX rise as much as 4.5% to A$3.24, their highest level since December 2, 2024; last up 3.7%

** Stock logs biggest intraday pct gain since April 23

** Heads for third straight session of gains

** Mining services provider sees FY25 earnings before interest and taxes between A$695 million and A$715 million ($458.56 million and $471.76 million), higher than FY24 EBIT, excluding individually material items, of A$580 million

** Partners with industrial manufacturer REPKON USA Holdings Inc. for the construction of a new trinitrotoluene manufacturing facility

** Stock is up 9.2% YTD, including the session's moves

($1 = 1.5156 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))