Australia's Downer EDI climbs to 2-year high after strong FY results

DOWNER EDI

30/08/2024 01:54

** Shares of contracting firm Downer EDI  DOW.AX  rise as
much as 15.3% to A$5.510, their highest levels since August 2022
    ** Co swings to FY statutory profit after tax of A$82.1 mln
($55.79 mln) vs loss of A$385.7 mln
    ** Posts 34.1% rise in pro-forma EBITDA for FY24 and a 
24.5% jump in underlying NPAT
    ** Declares final dividend of 11 Australian cents per share
    ** Stock is top gainer in ASX 200 benchmark index  .AXJO 

    ($1 = 1.4717 Australian dollars)

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