Australia's Clearview set for best day in 9-1/2 months on robust FY results

Clearview Wealth

24/08/2022 05:55

** Shares of Clearview Wealth  CVW.AX  climb as much as 7.4%
to A$0.725, set for their best day since Nov 5, if gains hold
    ** The financial firm reports a 22% rise in its underlying
net profit after tax for FY22 to A$26.4 mln ($18.21 mln) on
account of strong performance from its key life insurance
business  urn:newsml:reuters.com:*:nFWN2ZZ235 
    ** Says FY revenue up 7% at A$330.2 mln, and declares a
fully franked cash dividend of 2 cents per share
    ** Shares hit highest levels since June 8 
    ** Stock down 14.6% this year, as of last close

    ($1 = 1.4495 Australian dollars)

 (Reporting by Archishma Iyer in Bengaluru)
 ((Archishma.Iyer@thomsonreuters.com;))