Australia's GPT Group hits over 3-1/2-year high on upbeat HY results

GPT

18/08/2025 02:06

** Shares of Australia's GPT Group GPT.AX rise as much as 3.2% to A$5.44, their highest level since mid-January 2022

** Stock marks the biggest intraday pct gain since June 11

** Diversified property firm posts HY attributable NPAT of A$329.1 million ($214.38 million), compared with a loss of A$249.4 million a year earlier

** Declares interim distribution of 12.0 Australian cents per security

** Says HY revenue rises to A$668.9 million from A$57.9 million a year earlier

** Stock last up 2.9%, bringing YTD gains to 24%

($1 = 1.5352 Australian dollars)

(Reporting by Shruti Agarwal in Bengaluru)

((Shruti.Agarwal@thomsonreuters.com))