Australia's Future Generation Global rises on swing to FY profit

Future Generation Global

28/02/2024 02:40

** Shares of Future Generation Global  FGG.AX  rise as much
as 2.1% to A$1.245, set for best day since Dec. 20, 2023, if
gains hold     
    ** Investment co says it swung to a full-year operating
profit after tax of A$55.7 million ($36.37 million), from an
operating loss after tax of A$89.1 million, a year ago
    ** Co declared a fully franked final dividend of 3.6
Australian cents per share
    ** 435,545 shares change hands, compared with the 30-day
average volume of 383,705 
    ** Stock hit highest level since Feb. 23
    ** FGG up 2.5% YTD as of last close

($1 = 1.5314 Australian dollars)

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