Australia's Tamawood climbs on strong FY results, positive outlook

Tamawood

04/08/2020 03:16

** Shares of home builder  TWD.AX  rise as much as 9.4% to
A$2.80, their biggest intraday pct gain since March 19 
    ** Co posts FY20 after-tax profit of ~A$4.5 mln ($3.2 mln),
a ~13% rise from a year earlier  urn:newsml:reuters.com:*:nASX1stNQg
    ** "FY21 looks exceptionally positive with prelim fees
indicating increase in turnover" - TWD
    ** Stock hits highest mark since April 1
    ** Close to 34,600 shares change hands vs 30-day average
volume of ~6,700 shares
    ** Stock down ~25% this year, as of last close

($1 = 1.4045 Australian dollars)

 (Reporting by Nikhil Subba in Bengaluru)
 ((Nikhil.Subba.thomsonreuters.com@reuters.net))