Australia's BKI Investment rises on strong annual results

BKI Investment

20/07/2022 03:47

** Shares of BKI Investment Co Ltd  BKI.AX  rise as much as
2.5% to A$1.67, their biggest intraday pct gain since June 30 
    ** BKI, which is primarily focused on investment in
ASX-listed securities, posts FY22 net profit after tax of
A$100.8 mln ($69.52 mln), nearly triple the A$36.6 mln posted a
year earlier  urn:newsml:reuters.com:*:nASXdJCG6
    ** Says FY22 total revenue up 58% to A$63.4 mln from
year-ago levels
    ** Declares final dividend of 3.65 Australian cents per
share, compared with 3 Australian cents last year
    ** Also declares special dividend of 1 Australian cent
apiece 
    ** Stock hits highest level since July 11
    ** More than 480,000 shares change hands, vs the 30-day
average volume of ~290,000 shares
    ** Stock down 1.81% this year, as of last close   
  
     ($1 = 1.4499 Australian dollars)

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))