BUZZ-Australia's Symal hits record high on Queensland asset buys

Reuters
Dec 11
BUZZ-Australia's Symal hits record high on Queensland asset buys

** Shares of infrastructure co Symal Group SYL.AX extend gains, rise as much as 3.9% to A$3.19, a record high** Co to buy assets of Queensland civil contractor Timms Group and L&D Contracting for A$28 million ($18.60 million)** Expects to deliver annualised underlying EBITDA of nearly A$8 mln in FY26, after deal completion** YTD, shares up 82.4%

($1 = 1.5056 Australian dollars)

(Reporting by Nichiket Sunil and Kumar Tanishk in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))

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