Australia's Superloop climbs most in 2-1/2 months as annual profit tops estimates

Superloop

19/08/2026 02:17

** Shares of Australia's Superloop SLC.AX rise as much as 7.7% at A$3.360, their strongest intraday session since June 3
** Stock hits its highest level since July 23
** The telecommunications company posts full-year profit after tax of A$17.5 million ($12.38 million), up from A$1.2 million a year earlier, 2% ahead of Citi and Visible Alpha consensus estimate
** Posts annual revenue from ordinary activities of A$664.3 million from A$546.5 million the previous year
** "Given the result beat, we see potential for the share price to react positively" says Citi
** Stock up 23.6% YTD, including sessions' moves

($1 = 1.4138 Australian dollars)

 (Reporting by Shravya Marakini in Bengaluru)
 ((shravya.marakini@thomsonreuters.com;))