Australia's PSC Insurance near 3-month high on strong results

PSC Insurance

24/08/2022 05:44

** Shares of insurance co PSC Insurance  PSI.AX  rise as
much as 5.6% to A$4.815, the highest since May 25 
    ** Co posts net profit after tax at A$64.0 million ($44.15
million), up 40% in FY22 due to strong organic growth in all
segments and growth from acquisitions  urn:newsml:reuters.com:*:nGLF7xBNkQ 
    ** Underlying revenue increases 23% to A$254.3 mln for FY22
    ** Co on track to post biggest intraday jump since 29 July -
if gains hold
    ** Shares down 3.6% YTD as of last close
    
($1 = 1.4495 Australian dollars)

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