Australia's Propel Funeral Partners rises on HY profit

Propel Funeral Partners

22/02/2023 02:24

** Shares of Propel Funeral Partners Ltd  PFP.AX  rise as
much as 2.5% to A$4.5, their highest since Dec. 1
    ** Stock will see its best day since Jan. 17, if gains hold
    ** Death care services company posts HY profit after income
tax (expense)/benefit attributable of A$10.2 mln ($6.98 mln)
versus a loss of A$9.2 mln over the same period last year
    ** Reports HY revenue of A$83.8 mln vs A$68.0 mln a year
earlier
    ** Says it started the second half of the year with positive
trading momentum     
    ** More than 66,797 shares change hands, twice the 30-day
average volume 
    ** Stock up 1.6% this year, as of last close
($1 = 1.4618 Australian dollars)
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))