HMC Capital surges on upbeat earnings; potential Healthscope bid

HMC Capital

18/02/2025 02:53

(Updates)
    ** Shares of HMC Capital  HMC.AX  rise 15.3% to A$11.41, set
for their biggest intraday gain since December, 2023
    ** HMC top gainers in the ASX200 benchmark index  .AXJO ,
which is down 0.5%
    ** Diversified asset manager posts HY statutory profit after
tax of A$166.9 million ($105.98 million), a sharp growth from
A$17.8 million logged last year on the back of strong AUM growth
and record investment returns
    ** AUM grew to A$18.5 billion as at December-end, up 45%
from June-end
    ** Declares interim dividend of 6 Australian cents per share
    ** Says is in the early stages of establishing a HMC
sponsored consortium to acquire and recapitalise hospital
operator Healthscope
    ** Stock up 9.1% this year, including current session's
moves


($1 = 1.5748 Australian dollars)

 (Reporting by Manasi Dasa Sundeep and Rishav Chatterjee in
Bengaluru)
 ((Manasi.DasaSundeep@thomsonreuters.com;))