Australia's Finbar Group climbs on stronger annual earnings, WA site deal

Finbar

20/08/2026 06:09

** Shares of Finbar Group FRI.AX surged 9.5% to A$0.750, poised for their strongest session since December 2020 while scaling a 15-week high
** Apartment development company reports FY26 underlying NPAT of A$22.1 million ($15.72 million), up 36.5% from pcp
** Co also acquires development site in Ascot, Western Australia, for A$7.5 million conditional purchase and A$150 million estimated end value
** Adds, the deal expands the company's five-year development pipeline beyond A$1.95 billion, with completion targeted for FY2029 or FY2030.
** Stock down 12.9% YTD, including session's moves 
     
     
($1 = 1.4059 Australian dollars)

 (Reporting by Subhalakshmi Dey in Bengaluru)
 ((Subhalakshmi.Dey@thomsonreuters.com;))