Australia's Helia Group hits over 2-month high on upgrading FY24 forecast

Helia

20/08/2024 02:36

** Shares of insurance provider Helia Group  HLI.AX  rise as
much as 4.1% to A$4.110, their highest level since June 18
    **  Co sees insurance revenue between A$375 mln and A$415
mln for FY24 ($252.34 mln and $279.25 mln) higher than its
earlier forecast of A$360 mln to A$440 mln
    ** Says total incurred claims are expected to increase in
2H24
    ** However, co posts 22% fall in underlying net profit after
tax for HY
    ** Declares dividend of 15 AU cents per share, higher than
14 AU cents per share declared in the prior year
    ** Stock down 2.3% YTD as of last close 
   


($1 = 1.4861 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))