Australia's Tasmea hits record high on upbeat FY26 profit forecast

Tasmea

25/06/2025 02:24

** Shares of Tasmea TEA.AX rise as much as 12.5% to record high level of A$3.79

** The engineering services provider expects to achieve FY26 NPAT of A$70 million ($45.46 million), an uplift of more than 34% over FY25 guidance

** About 321,500 shares change hands by 0116 GMT, 1.3x the 30-day average volume

** Stock up 8.7% this year, as of last close

($1 = 1.5399 Australian dollars)

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com))