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JYC — Joyce News Story

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Australia's Joyce Corporation climbs to three-week high on solid annual earnings

BUZZ-Australia's Joyce Corporation climbs to three-week high on solid annual earnings

** Shares of Australia's Joyce Corporation JYC.AX rise as much as 2.4% at A$6.500, their highest level since August 11

** Joyce Corporation, the owner and operator of Bedshed retail stores, posts full-year revenue of A$169.9 million($121.72 million), a jump from A$148.2 million last year

** Company says it also posted group net profit after tax of A$21.5 million, up from A$16.7 million the previous year

** JYC declared an ordinary final dividend of 17 AU cents per share, helped by strong demand in the first half of the year and contributions from recently opened stores

** Stock up 19.7%, YTD, including sessions' moves


($1 = 1.3959 Australian dollars)


(Reporting by Shravya Marakini in Bengaluru)

((shravya.marakini@thomsonreuters.com;))

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