Australia's GenusPlus Group hits record high on raised earnings forecast

Genusplus

26/06/2025 04:09

** Shares of GenusPlus Group rise as much as 6.4% to A$4, marking a record high level

** Stock last up 3.7% at A$3.9

** Power and communication systems service provider sees 28% to 32% y-o-y growth in normalised FY2025 EBITDA; it had earlier forecasted at least 20% growth

** Also sees A$4 million to A$6 million contributions to earnings from businesses acquired in the current FY

** Stock up 48.9% YTD, including moves in current session

($1 = 1.5312 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com;))