Australia's Latitude Group gains on FY profit and dividend

Latitude group

21/02/2025 02:19

** Shares of Latitude Group  LFS.AX  up 3.5% at A$1.19
    ** Stock rises as much as 8.7% earlier in the day, hitting
its highest level since June 13, 2023 
    ** Stock posts its biggest intraday gain since January 30,
2023
    ** Lending business says it achieved FY24 statutory NPAT
from continuing operations of A$30.6 million ($19.56 million),
compared to a loss of A$102.7 million in FY23
    ** Co declares a final dividend of 3 Australian cents per
share; dividend was paused in FY23 
    ** LFS up 3.5% YTD

($1 = 1.5642 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com))