Australia's Symal Group at 2-week high on tightening earnings guidance

Symal

12/05/2026 04:32

** Shares of Symal Group SYL.AX rise as much as 7.1% to A$2.55, their highest level since April 23

** Construction services provider tightens FY26 normalised EBITDA forecast to A$120 million - A$126 million ($86.80 million - $91.14 million), from previously guided A$117 million - A$127 million

** Experienced fuel, materials cost pressures driven by recent global macroeconomic environment, but impact has not been material to co to date - SYL

** About 430,000 shares traded so far, 3.3x the 30-day avg

** Down 28.5% YTD, including session's moves

($1 = 1.3826 Australian dollars)

(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com; ))