Australia's Ensurance rises on higher Q1 profit

Ensurance

31/10/2022 01:22

** Shares of Ensurance Ltd  ENA.AX  rise as much as 6.4% to
A$0.25, their best intraday pct gain since Oct 21
    ** The insurance firm says unaudited Q1 profit rose to
A$265,532 ($170,312.22), from a marginal profit a year ago
 urn:newsml:reuters.com:*:nASX7sLHtK 
    ** Q1 revenue rose 35% to A$2.1 mln  
    ** Result achieved due to footprint expansion and stronger
earnings margins, ENA says
    ** Stock hits highest level since Oct 24
    ** Ensurance stock up 9.3% YTD, as of last close
     ($1 = 1.5591 Australian dollars)
 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))