Australia's HUB24 scales 11-month high on upbeat HY results

Hub24

21/02/2023 02:18

** Shares of HUB24 Ltd  HUB.AX  jump as much as 9.8% to
A$29.650, their highest since March 21, 2022
    ** Investment management co posts HY net profit after tax
attributable A$15.5 mln ($10.70 million), up 85% y/y
    ** Posts HY revenue from ordinary activities of A$137.7 mln,
up 69%
    ** Declares a fully franked interim dividend of 14.0 AU
cents per share
    ** Says total funds under administration (FUA) at A$73 bln
as at Dec 31, 2022, up 7%
    ** Reaffirms platform FUA target of A$80 bln-A$89 bln for
FY24
    ** Stock posts its biggest intraday pct gain since Oct 18,
2022
    ** Shares on track for a second consecutive session of gain
    ** Stock had risen 1.5% this year, as of last close
($1 = 1.4484 Australian dollars)
 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))