Australian shares of GQG Partners slip on higher first-half expenses

GQG Partners

16/08/2024 02:11

** ASX-listed shares of investment management firm GQG
Partners  GQG.AX  fall as much as 3.2% to A$2.760, their biggest
intra-day drop since Aug. 8 
    ** Says HY operating expenses increased $29.2 million in HY 
    ** Says HY saw higher compensation, general and
administrative, and third-party distribution costs
    ** GQG, however, logs 56.4% increase in HY net profit after
tax to $201.2 mln 
    ** Stock up 67.2% this year as of last close, vs a 3.6%
increase in the benchmark S&P/ASX 200 index  .AXJO  


 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))