Australia's Synertec Co soars to 19-month high on strong FY27 revenue forecast

Synertec

30/07/2026 04:42

** Shares of Australia's Synertec Corporation SOP.AX rise as much as 27.1% to A$0.061, their highest level since mid-Dec 2024
** Technology design and development co expects FY27 revenue of A$29.5 million - A$31.7 million ($20.53 mln - $22.07 mln), up about 40-50% on FY26
** Co flags unaudited FY26 group revenue of A$21.1 million, up 19% from FY25
** Nearly 5.3 million shares traded so far, about 4x the 30-day average
** Stock up 170% YTD, including session's moves
     
($1 = 1.4366 Australian dollars)

(Reporting by Subhalakshmi Dey in Bengaluru)
((Subhalakshmi.Dey@thomsonreuters.com;))