Australia's FleetPartners jumps most in over 3 yrs on annual earnings beat, buyback
18/11/2024 24:54
** Shares of FleetPartners FPR.AX rise 10.5% to A$3.27, set
for their biggest intraday gain since early-May 2021
** Vehicle and fleet manager reports annual operating income of
A$158.7 mln ($102.62 mln) for fiscal 2024, a 5% increase from
the previous year
** Attributes result to a 21% increase in new business
writings compared to last year, generating higher rental income
** Also announces share buyback of up to A$30 mln for first
half of 2025
** Stock hits highest level since Sept. 2
** FPR up 4.9% YTD, including the current session's moves
($1 = 1.5466 Australian dollars)
(Reporting by Nikita Maria Jino in Bengaluru)
((mailto:Nikita.Jino@thomsonreuters.com;))