Australian Finance Group jumps to 3-1/2-month high on upbeat results

Australian Finance

26/08/2022 05:42

** Shares of Australian Finance Group Ltd  AFG.AX  jump as
much as 8.7% to A$2.06, their highest since May 2
    ** The mortgage originator and lender announces FY22
normalised underlying NPATA of A$55.8 mln ($38.86 mln), a growth
of 12%  urn:newsml:reuters.com:*:nASX779HPg
    ** Declares a final dividend of 9.6 Au cents per share 
    ** Says revenue from operating activities was A$929 mln as
compared with A$747.0 mln last year
    ** Co says strong underlying demand for mortgages during the
year helped increase the profit
    ** AFG stock up 5.2% this week 
    ** Shares down 29.8% YTD, as of last close   

     ($1 = 1.4360 Australian dollars)

 (Reporting by Nausheen Thusoo)
 ((Nausheen.Thusoo@thomsonreuters.com;))