Australia's Stealth Group rises most in 7 months on upbeat annual earnings outlook
17/06/2026 02:25
BUZZ-Australia's Stealth Group rises most in 7 months on upbeat annual earnings outlook ** Shares of Stealth Group SGI.AX rise as much as 36% to A$1.2, their steepest intraday pct rise since November 10, 2025
** Stock hits its highest level since February 25
** The multi-sector distribution company expects to deliver FY26 preliminary unaudited sales of A$165 million ($116.64 million), up 13.7%, and NPAT of A$5.8 million, up 87.1%
** Adds that it is on track for its FY28 target of A$500 million in annual sales and EBITDA margin of 8–12%
** About 551,000 shares changed hands, 6.1 times the 30-day avg
** Stock down 13% YTD, including the session's moves
($1 = 1.4146 Australian dollars)
(Reporting by Anjali Singh in Bengaluru)
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