Australia's Big River Industries eyes best day in a month on upbeat results

Big River Industries

24/02/2023 03:31

** Shares of Big River Industries  BRI.AX  jump as much as
7.2% to A$2.520, posting their biggest intraday pct gain since
Jan 23
    ** The timber-focussed wood producer posts HY statutory NPAT
of A$12.8 mln ($8.72 mln) vs A$8.8 mln
    ** Posts HY revenue A$232.4 mln, up 19.9% 
    ** Says interim dividend of 8.6 AU cents per ordinary share
fully franked was determined by the board
    ** Co expects supply constraints to further improve into 2H
FY23 from both international and local suppliers
    ** Adds Jan trading above previous year despite many
builders taking extended holidays
    ** Shares touch their highest level since Feb. 3
    ** Stock has risen 10.3% YTD, as of last close
($1 = 1.4671 Australian dollars)
 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))