Australia's Deterra Royalties loses most in 5 months on downbeat HY results

Deterra Royalties

18/02/2025 01:10

** Shares of Australia's Deterra Royalties  DRR.AX  fall as
much as 5.7% to A$4.010, their biggest intraday pct drop since
September 2024 
    ** Stock at its lowest level since February 3
    ** The diversified resource asset manager reports HY net
profit after tax of A$63.9 million ($40.56 million), down 19%
from previous year
    ** Co also declares interim dividend of 9 Australian cents
per share, compared with 14.89 cents last year 
    ** DRR stock up 11% YTD, including current session's moves

   ($1 = 1.5755 Australian dollars)

    

 (Reporting by Manasi Dasa Sundeep in Bengaluru)
 ((Manasi.DasaSundeep@thomsonreuters.com;))