BUZZ-Australia's Servcorp at 9-year high on FY outlook upgrade
Reuters
Jan 21
BUZZ-Australia's Servcorp at 9-year high on FY outlook upgrade
** Servcorp SRV.AX jumps as much as 10.1% to A$7.805, highest since January 9, 2017
** Co, which provides executive services and virtual offices, upgrades its FY underlying net profit before non-cash impairments and tax (NPBIT) forecast to be A$80 mln-A$84 mln (~$54 mln-$56.58 mln); earlier forecast was A$72 mln-$76 mln
** Says dividend payment not expected to be below 32 AU cents/share in FY26 vs previous forecast of 30 AU cents/share
** SRV gained 38.8% in 2025
($1 = A$1.4846)
(Reporting by Sherin Sunny in Bengaluru)
((Sherin.Sunny@thomsonreuters.com))
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