Australia's Fleetpartners rises on FY23 results

FleetPartners

13/11/2023 03:25

** Shares of Australia's Fleetpartners  FPR.AX  rise as much
as ~5% to A$2.75, its highest level since Nov. 3
    ** The fleet leasing firm posts FY23 net profit after tax
excluding amortisation of A$88.0 mln ($55.92 mln), down 21% YTD
    ** Reports FY operating expenses of A$84.5 mln, up 5% YTD
    ** Adds 2H FY23 share buy-back of up to A$30 mln to be
conducted in 1H FY24
    ** 477,842 shares change hands vs 30-day average volume of
353,768 shares
    ** Stock up 31.3% YTD, as of last close

($1 = 1.5736 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))