Australia's Amotiv rises on higher annual profit

Amotiv

14/08/2024 02:14

** Shares of Amotiv  AOV.AX  rise as much as 5.3% to
A$10.71, their highest since Aug. 2
    ** Stock posts its biggest intraday pct gain since May 14
    ** Automotive parts maker posts FY statutory NPAT from cont
ops of A$99.8 mln ($66.27 mln) vs A$93.7 mln a year earlier
    ** Says FY revenue rose by 7.7% to A$987.2 mln
    ** Stock down 15.3% this year, as of last close

($1 = 1.5060 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))