Australia's L1 Group rises most in 4-1/2 months on profit jump
17/08/2026 02:27
BUZZ-Australia's L1 Group rises most in 4-1/2 months on profit jump ** Shares of Australia's L1 Group L1G.AX rise as much as 14.5% to A$1.265, their biggest intraday pct gain since April 8
** The investment manager logs a 79% jump in full-year statutory profit after tax attributable to A$145.2 million ($102.95 million)
** Company says FY26 total revenue and other income up at A$963.1 million, from A$171.7 million a year earlier
** Stock up over 11%, YTD
($1 = 1.4104 Australian dollars)
(Reporting by Shruti Agarwal in Bengaluru)
Recent news on L1
See all newsAustralia's L1 Group slips, Morningstar says shares overvalued
Brief: L1 Group Reports FUM Increases 1.3% Over September Quarter To A$19.3 Bln
Brief: L1 Group To Sell Platinum Investment Management To EQT Holdings
Brief: L1 Group Posts FY Statutory Profit After Income Tax Expense Attributable A$145.242 Million
Australia's L1 Group rises most in 4-1/2 months on profit jump