Australia's Judo Capital eyes best day ever on upbeat results, forecast

Judo Capital Holdings

22/01/2024 23:35

** Shares of Judo Capital  JDO.AX  rise as much as 21.4% to
A$1.135, on track for their best day ever, if gains hold 
    ** Stock hits highest level since Aug. 24, 2023 
    ** Banking co posts 1H24 net profit before tax (PBT) of A$67
mln ($43.99 mln), higher than A$54 mln in the previous half-year
    ** Co sees FY24 PBT between A$107 mln - A$112 mln, compared
with PBT of A$107.5 mln reported in FY23 
    ** Co targeting profit growth of 15% or higher in FY25 
    ** About 2.1 mln shares change hand compared to 30-day
average trading volume of 1.0 mln shares 
    ** Stock down 6.5% this year as of last close 
   


($1 = 1.5232 Australian dollars)

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