Australia's Clearview Wealth hits over 9-month high as co swings to annual profit

Clearview Wealth

28/08/2025 05:31

** Shares of Clearview Wealth CVW.AX rise as much as 12.8% to A$0.530, their highest level since early-November 2024

** Stocks marks its biggest intra-day pct gain since February 27

** The financial services co posts full-year net profit attributable of A$8.2 million ($5.33 million), versus a loss of A$12.4 mln reported last year

** Says FY revenue from ordinary activities jumps 10% y/y to A$368 mln

** About 2.4 million shares traded, 11.2x the 30-day average

** YTD, stock up 29.49%, including current session's move

   ($1 = 1.5389 Australian dollars)

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))