Australia's Redox gains soars on FY results beat

Redox

21/08/2025 02:05

** Redox RDX.AX soars as much as 28.6% to A$2.7; marks strongest trading session ever

** Stock hits highest since June 3; among top performers on ASX All Ordinaries .AORD

** Raw materials distributor posts FY underlying NPAT of A$115.4 mln ($74.2 mln), above Visible Alpha estimate of A$74.5 mln

** FY underlying NPATFX of A$80.1 mln beats VA estimate of A$75.3 mln

** About 1.2 mln shares traded, 2.4x the 30-day avg

** RDX last up 24.1%, narrowing YTD losses to 42.9%

($1 = A$1.5559)

 (Reporting by Sneha Kumar in Bengaluru)

 ((Sneha.kumar@thomsonreuters.com;))