Australia's Finbar rises on sales of lots at new apartment project

Finbar

20/01/2026 04:48

** Shares of Finbar Group FRI.AX rise as much as 2.5% to A$0.835, set for their strongest trading session since January 5

** Apartment development co launched its sales campaign for its Palmyra West Apartments project

** Over 70% of 130 lots sold at a value of A$67 mln ($45.08 mln) - co

** Co says construction to start in March 2026; estimated completion in H1 FY28

** Stock down 3.5% so far in January

($1 = 1.4863 Australian dollars)

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))