Australia's Netwealth Group hits 4-month high on higher earnings

Netwealth

15/02/2023 24:55

** Shares of Netwealth Group  NWL.AX  rise as much as 6.1%
to A$14.09, hit their highest since Jan. 18
    ** Wealth manager posts a 11.3% rise in half-yearly profit
from ordinary activities before tax attributable of A$44.3 mln 
($30.93 mln); declares an interim dividend of 11 AU cents/share
    ** Co maintains net inflow guidance for FY23 at
approximately A$11 bln
    ** Stock set for best session since Dec. 21, 2022, if gains
hold
    ** Stock has risen 9.8% this year, as of last close
($1 = 1.4320 Australian dollars)
 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))