Australia's Challenger set for best day in 1-1/2 years on strong HY results

Challenger

13/02/2024 24:36

** Shares of Challenger Ltd  CGF.AX  rise as much as 9.9% to
A$7.23, set for best day since Oct 20, 2022, if trend holds
    ** The investment management co posts HY NPAT of A$56 mln
($36.56 mln), up by 80% year-on-year
    ** Adds FY24 expected to be in the top half of NPBT forecast
range 
    ** Declares interim dividend of 13 AU cents per share 
    ** Stock hits its highest level since July 27
    ** Stock is biggest percentage gainer in the benchmark index
  AXJO  
    ** Stock has risen 1.4% this year, as of last close

    ($1 = 1.5319 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))