Australia's Tamawood hits two-week high on robust earnings outlook
14/07/2026 02:14
BUZZ-Australia's Tamawood hits two-week high on robust earnings outlook ** Shares of Australia's Tamawood TWD.AX gain 4.5% to A$2.56, their highest point since June 30
** The home builder forecast FY26 profit before tax of A$11.7 million ($8.09 million), higher than A$8.3 million reported in prior corresponding period
** The company did not experience material increase in contract cancellations due to bank valuations, in contrast to some industry peers, Tamawood says
** Tamawood stock down 8.2%, YTD
($1 = 1.4455 Australian dollars)
(Reporting by Keshav Singh Chundawat in Bengaluru)
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