Australia's Finbar Group hits over 8-month high on building approval

Finbar

24/03/2023 02:28

** Shares of residential real estate developer Finbar Group
 FRI.AX  rise as much as 6% to A$0.62, their best intraday gain
since July 20, 2022
    ** Says it got approval to develop a 19-storey apartment
building in Rivervale, a suburb of Perth 
    ** Expects an end sales value of about A$96 million ($64.05
million) from the project 
    ** As of last close, stock down 7.1% this year


($1 = 1.4988 Australian dollars)
    

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))