Australia's Downer EDI soars on higher HY profit

DOWNER EDI

14/02/2024 24:21

** Shares of Downer EDI  DOW.AX  rise as much as 10.6%, set
for best day since June 9, 2020, if trend holds     
    ** Contracting firm reported an nearly 6% rise in its
half-yearly profit attributable
    ** Co announced an interim dividend of 6 Australian cents
per share, compared to 5 Australian cents per share last year
    ** Stock hits highest level since Dec. 7, 2022
    ** 2.6 mln shares change hands, compared with the 30-day
average volume of 943,374
    ** Stock is the second biggest gainer on the benchmark index
 .AXJO 
    ** DOW down over 2% YTD, as of last close

 (Reporting by Adwitiya Srivastava in Bengaluru; Editing by
Michael Perry)
 ((Adwitiya.Srivastava@thomsonreuters.com;))