Australia's Lynch Group at 2-month high after raising earnings forecast

Lynch group

12/06/2025 03:01

** Shares of Lynch Group LGL.AX rise 3% to A$1.7, their highest level since April 7

** Stock on track for best day since June 3, if gains hold

** Horticulture co revises FY25 revenue growth forecast to around 7%; earlier 6%

** Expects FY25 EBITDA between A$42 mln ($27.28 mln) and A$43 mln, excluding Australian farm closure and other costs

** FY24 EBITDA A$39.6 mln

** Trading volume at 13,086 shares, 2.4x 30-day average

** Stock down 7.6% YTD, including day's move

($1 = 1.5413 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

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