Australia's LaserBond reaffirms outlook amid global economic uncertainty

LaserBond

10/04/2025 03:59

** Shares of LaserBond LBL.AX rise 13.4% to A$0.380

** Stock set for its strongest session since May 20, 2021, if current trends hold

** The engineering co reiterates previous outlook for revenue and NPBT for second half of FY25 and aims to focus its resources on growth opportunities available within the Australian markets

** Co says it has temporarily placed plans for expansion into the U.S. on hold amid global economic uncertainty

** About 1.2 mln shares traded in stock's busiest session since February 21

** Stock down 32.1% YTD, including current session's moves

 (Reporting by Manasi Dasa in Bengaluru)

 ((Manasi.DasaSundeep@thomsonreuters.com;))