Australia's Hub24 jumps most in nearly 2 years as annual profit soars

Hub24

22/08/2023 02:25

** Shares of Hub24 Ltd  HUB.AX  surge as much as 8.9% to
A$32.30, their biggest intraday gain since Nov. 1, 2021
    ** HUB, which runs a platform that offers advisers a range
of investment options, posts FY underlying net profit after tax
of A$58.8 mln ($37.69 mln), up 64% from a year ago
    ** Declares final dividend of 18.5 Australian cents per
share, bringing total dividends for the year to 32.5 cents, up
63% from year earlier
    ** Number of active advisers using HUB's Platform increased
15% to 4,011 for the year
    ** Stock hits highest level since Oct. 18, 2022
    ** Stock up 5.4% YTD as of last close
    
($1 = 1.5601 Australian dollars)

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))