Australia Goodman Group hits over 16-year high on strong HY results

Goodman

15/02/2024 24:20

** Shares of Goodman Group  GMG.AX  rise as much as 5.5% to
A$28.050, highest level since Nov 26, 2007      
    ** The property group reports a half-yearly operating profit
of A$1,1247 mln ($7.31 bln), up 29% from year earlier  
    ** Co declared an operating earnings per share (EPS) of 59.2
Australian cents, up 28%     
    ** Stock set for best day since Feb 2, if trend holds    
    ** Stock set for gains after five straight sessions of
losses, if trend holds
    ** GMG up 5.1% YTD, as of last close


($1 = 1.5387 Australian dollars)

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