Australia's Laserbond hits 3-week high on strong start to fiscal 2026

LaserBond

20/11/2025 01:02

** Shares of Laserbond LBL.AX rise as much as 14.3% to A$0.56, their highest level since October 30

** Engineering company heading for best days since late July, if gains hold

** Co says FY26 results to date reflect strong momentum from second half of FY25; says robust order book has extended into CY2026

** Co posts July to October net profit before tax (NPBT) of A$2.5 million ($1.62 million) and revenues of A$15.9 million

** That compares with NPBT of A$4.99 million in FY25 and revenue from continuing operations of A$43.5 million

** Stock down ~3.6% this year, including the day's move

($1 = 1.5420 Australian dollars)

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com;))