BUZZ-Australia's Symal set for 4th straight weekly gain on asset purchase
Reuters
Dec 12, 2025
BUZZ-Australia's Symal set for 4th straight weekly gain on asset purchase
** Symal Group SYL.AX set to gain for fourth straight week, rising 7.2%
** Stock rises 2.6% to A$3.12
** On December 10, construction services provider entered A$28 mln ($18.7 mln) conditional deal to buy assets of Queensland civil contractor Timms Group and L&D Contracting
** Co expects annualised underlying EBITDA of ~A$8 mln in FY26 upon deal completion
** YTD, SYL rises 83.5%
($1 = A$1.5013)
(Reporting by Shruti Agarwal in Bengaluru)
((Shruti.Agarwal@thomsonreuters.com))
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