Aussie Broadband hits more than 6-week high on upbeat FY results

Aussie Broadband

26/08/2024 02:15

** Shares of Aussie Broadband  ABB.AX  rise as much as 12.2%
to A$3.50, their highest level since July 12
    ** Telecom firm posts 21.7% rise in FY24 net profit after
tax and 26.9% increase in revenue
    ** Proposes inaugural dividend of 4 AU cents per ordinary
share
    ** Co posted net broadband connection growth of 13,023 in
qtr-to-date
    ** Stock down 20% YTD, as of last close 

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))