Australia's Laserbond rises most in almost 5 years on strong half-year results

LaserBond

25/07/2025 02:21

** Shares of Laserbond LBL.AX rise as much as 22.1%, set to gain most since September 16, 2020

** Engineering firm reports half-year net profit before tax of A$3.7 million ($2.44 million), up from A$3.1 million a year earlier

** Reports half-year revenue of A$23.2 million vs A$21.7 million last year

** Stock hits highest level since February 20

** More than 387,000 shares change hands, compared with the 30-day average volume of 220,200

** LBL set for a third consecutive week of gains, if trend holds

** Stock currently up 20%, but down more than 15% YTD

($1 = 1.5175 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)

 ((Adwitiya.Srivastava@thomsonreuters.com))