Australia's Synertec Corp hits 2-1/2-year high on upgrading revenue forecast
23/09/2026 04:55
BUZZ-Australia's Synertec Corp hits 2-1/2-year high on upgrading revenue forecast ** Shares of Australia's Synertec Corp SOP.AX jump as much as 29% to A$0.12, their highest level since March 25, 2024
** Engineering services provider lifts FY27 revenue forecast to between A$37.5 million and A$40.0 million ($26.63 million-$28.40 million), implying growth of 77%-89% on FY26 and up from previous expectation of A$29.5 million-A$31.7 million
** Co says the upgrade reflects contract wins and continued momentum across its engineering and powerhouse businesses
** YTD, stock up 450%, including the session's moves
($1 = 1.4085 Australian dollars)
(Reporting by Paridhi Minda in Bengaluru)
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