Australia's Tamawood hits over three-week high on strong profit forecast

Tamawood

17/12/2025 04:14

** Shares of Australia's Tamawood TWD.AX rise as much as 6.5% to A$2.80, their highest level since November 24

** Home builder expects its first-half profit before tax to rise by 40% to 50% from A$4.765 million ($3.16 million) in the prior corresponding period

** Says sales revenue for the five months to November 30 increased by 36.5%

** More than 19,900 shares change hands, 1.9x the 30-day average volume

** Stock has risen 6.9% this year, including the session moves

($1 = 1.5092 Australian dollars)

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com;))