Australia's Helia Group jumps most in nearly 6 months on upbeat results, outlook

Helia

22/08/2023 03:44

** Shares of Helia Group Ltd  HLI.AX  rise as much as 5.2%
to A$3.83, their biggest intraday pct jump since Feb 24
    ** Mortgage insurer posts net profit attributable of A$147.5
million  ($94.58 million) for half year, up 155.4% 
    ** Says revenue from ordinary activities for half year up
276.7% to A$286.4 mln 
    ** Also declares interim dividend of 14 Australian cents per
share 
    ** Sees insurance revenue in a range of A$420 mln to A$460
mln for FY23 
    ** Co's shares hit highest level since Aug 8 
    ** Shares of co are up 43.7% YTD as of last close 
   


($1 = 1.5596 Australian dollars)

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