BUZZ-Australia's Finbar rises on sales of lots at new apartment project
Reuters
Jan 20
BUZZ-Australia's Finbar rises on sales of lots at new apartment project
** Shares of Finbar Group FRI.AX rise as much as 2.5% to A$0.835, set for their strongest trading session since January 5
** Apartment development co launched its sales campaign for its Palmyra West Apartments project
** Over 70% of 130 lots sold at a value of A$67 mln ($45.08 mln) - co
** Co says construction to start in March 2026; estimated completion in H1 FY28
** Stock down 3.5% so far in January
($1 = 1.4863 Australian dollars)
(Reporting by Shivangi Lahiri in Bengaluru)
((shivangi.lahiri@thomsonreuters.com))
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