ASX-listed Kina Securities sees best day in nearly 3 months on upbeat earnings

Kina Securities

27/08/2021 03:32

** ASX-listed financial services provider Kina Securities
 KSL.AX  rises as much as 4.4% to A$0.955 in its biggest
intraday pct gain since June 3
    ** Papua New Guinea-based firm says https://investors.kinabank.com.pg/DownloadFile.axd?file=/Report/ComNews/20210827/02413352.pdf
 HY NPAT up 35.7% to 39.8 mln Papua New Guinea kina ($11.04
mln); net interest income up 85.4 mln PNG kina
    ** Declares an interim dividend of 3.00 AU cents per share
    ** Strong earnings due to "uplift in fees and commissions
income" as transactional volumes increase via digital platforms
    ** KSL hits highest since Aug. 20; set to post seventh
consecutive weekly decline 
    ** More than 722,000 shares change hands, vs the 30-day
average of about 595,000 shares
    ** KSL marginally up this year, as of last close, vs a 13.4%
 increase in the ASX All Ordinaries index  .AORD  


($1 = 3.6036 kinas)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com;))