Australia's Pacific Current hits 11-month high on FY24 profit growth

Pacific Current

23/08/2024 02:18

** Shares of Pacific Current  PAC.AX  rise as much as 5.1%
to A$11.250, their highest since Sept 21, 2023
    ** Asset management co posts 24% rise in underlying NPAT for
FY24 
    ** Co's funds under management rose 18% to A$42.5 bln
($28.51 bln) as of FY24-end
    ** Declares final dividend of A$0.23 per share, in line with
last year
    ** About 261,900 shares change hands by 0050 GMT, compared
with 30-day average trading volume of 37,500 shares 
    ** Stock up 21.7% YTD, as of last close 
   
($1 = 1.4908 Australian dollars)

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