BUZZ-Australia's Cedar Wood Properties jumps on positive FY25 forecast

Reuters
04-30
BUZZ-Australia's Cedar Wood Properties jumps on positive FY25 forecast

** Shares of Cedar Wood Properties CWP.AX rise 6.1% to A$5.550, their highest levels since March 3

** Stock set for its strongest session since August 21, if current trend holds

** The residential communities developer says it is on track to deliver a strong profit result for FY25

** Co also sees upgraded outlook of about 15% growth in NPAT for FY25 and expects further strong NPAT growth in FY26

** Stock on track for fourth consecutive session of gains, if current trend holds

** About 209,492 shares traded in stock's busiest session since February 26

** Stock up 0.9% YTD, including current session's moves

(Reporting by Manasi Dasa in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))

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