Australia's Eureka Group gains on buying $3 million caravan park

Eureka group

02/05/2025 02:17

** Eureka Group EGH.AX rises 1% to A$0.485; set for biggest intraday pct gain since April 15

** Property manager buys Burrum River Caravan Park near Queensland's Hervey Bay for A$5.3 mln ($3.4 mln)

** Says park will provide rental income, supplemented by moderate tourist business

** EGH down 22% YTD

($1 = A$1.5610)

 (Reporting by Adwitiya Srivastava in Bengaluru)

 ((Adwitiya.Srivastava@thomsonreuters.com))