Australia's Helia Group hits record high on better-than-expected profit

Helia

25/02/2025 24:45

** Shares of Helia Group Ltd  HLI.AX  rise as much as 14.1%
to their all-time high of A$5.520
    ** The mortgage insurer posts FY statutory NPAT of A$231.5
million, beating Visible Alpha consensus estimate of A$206.1
million
    ** Declares final dividend of 16 Australian cents per share
and a special dividend of 53 Australian cents apiece 
        ** Expects FY25 insurance revenue between A$310 million 
($196.54 million) and A$390 million, which has a midpoint below
the consensus expectation of A$356.4 million
    ** 1.1 million shares change hands, 1.7x times the 30-day
average of 650,710 shares
    ** Stock up ~23% YTD, including session's moves


($1 = 1.5773 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)
 ((Jasmeenaraislam.shaikh@thomsonreuters.com))