Australia's Hearts and Minds Investments hits near 3-wk high on swinging to FY profit

Hearts and Minds Investments

30/08/2023 04:49

** Shares of Hearts and Minds Investments  HM1.AX  rise as
much as 2.6% to A$2.4, highest level since Aug. 11
    ** Stock set for best day since April 11, if gains hold
    ** Investment management co reports FY profit from ordinary
activities after tax of A$32.7 mln ($21.14 mln) vs loss of
A$94.8 mln
    ** Declares first fully franked HY dividend of 7 Australian
cents per share
    ** Stock has risen 2.6% this year, as of last close

($1 = 1.5468 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((Shivangi.Lahiri@thomsonreuters.com;))