Australia's Tasmea rises on earnings jump, upbeat outlook

Tasmea

27/08/2026 05:57

 
** Shares of Australia's Tasmea Ltd TEA.AX jump as much as 8.3% to A$9.96, their highest level since June 25
** Stock posts its biggest intraday pct gain since June 2
** Specialist trade skill services firm posts annual underlying NPAT 42% higher than last year at A$73.7 million  ($52.93 million) and revenue 136% higher at A$1293.3 million
** Co increases underlying NPATA guidance for FY27 to be between A$130 mln to A$133 mln, from previous forecast of A$128 mln to A$132 mln
** Stock up 133% YTD


($1 = 1.3924 Australian dollars)

 (Reporting by Rudrannsh Mehra in Bengaluru)
 ((Rudrannsh.Mehra@thomsonreuters.com))