Australia's Symal set for 4th straight weekly gain on asset purchase

Symal

12/12/2025 04:47

** Symal Group SYL.AX set to gain for fourth straight week, rising 7.2%

** Stock rises 2.6% to A$3.12

** On December 10, construction services provider entered A$28 mln ($18.7 mln) conditional deal to buy assets of Queensland civil contractor Timms Group and L&D Contracting

** Co expects annualised underlying EBITDA of ~A$8 mln in FY26 upon deal completion

** YTD, SYL rises 83.5%

($1 = A$1.5013)

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))