Australia's Fos Capital rises to 3-1/2-month high on upbeat earnings outlook
03/09/2026 04:26
BUZZ-Australia's Fos Capital rises to 3-1/2-month high on upbeat earnings outlook ** Shares of Australia's Fos Capital FOS.AX rise as much as 7.1% to A$0.150, their highest levels since May 21
** The lighting products maker expects first-quarter 2027 revenue of A$7.2 million ($5.16 million), its second-strongest quarterly sales result on record
** Company sees first-quarter EBITDA of A$0.5 million, with the board forecasting a return to profitability in FY27
** Reports A$10 million order book, the highest level in more than two years
** YTD, stock down 38.8% including moves in current session
($1 = 1.3955 Australian dollars)
(Reporting by Paridhi Minda in Bengaluru)