Australia's ARB Corp climbs to 2-1/2-year high on upbeat FY earnings

ARB

20/08/2024 04:26

** Shares of ARB Corporation  ARB.AX  rise as much as 7.7%
to A$43.3, their highest levels since Feb 18, 2022
    ** Shares on track for their best day since Feb 20, if gains
hold
    ** The auto accessories firm posts FY net profit
attributable of A$102.7 mln ($69.02 mln), up 16.1% fom a year
earlier
    ** Co posts FY sales revenue of A$693.2 mln, up 3.3% from a
year earlier
    ** Stock has risen 11.9% this year, as of last close

    ($1 = 1.4879 Australian dollars)
    

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))