Australia's Cogstate hits over 2-year high on nearly doubling profit

Cogstate

22/08/2025 06:56

** Shares of Cogstate CGS.AX rise as much as 8.1% to A$1.88, highest level since Feb. 20, 2023

** The biotech company posts FY25 net profit after tax of A$13.9 million ($8.93 million), 96% higher than previous year

** About 145,190 shares change hands, almost double the 30-day avg of around 73,003

** Shares last up 4.6%, adding to YTD gains of 74.2%

($1 = 1.5569 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))