Australia's Challenger slips to 3-year low as HY results disappoint

Challenger Gold

18/02/2025 24:17

** Shares of investment management co Challenger  CEL.AX 
drop as much as 8.8% to A$5.59, their lowest levels since
January 28, 2022
    ** Co posts HY normalised NPAT of A$225 million ($142.94
million), lower than consensus estimate of A$229 million,
according to Jefferies
    ** Total sales for co's core Life segment fall 12% in HY;
Life normalised EBIT misses expectations
    ** Declares interim dividend of 14.5 Australian cents per
share, higher than consensus estimates of 13.8 cents
    ** CGF stock is worst performer on ASX 200 benchmark index
 .AXJO 
    ** Stock down 4.7% YTD, including day's moves

    ($1 = 1.5741 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))