Australia's PSC Insurance rises on first-half profit jump

PSC Insurance

23/02/2022 01:00

** Shares of insurance intermediary business PSC Insurance
Group  PSI.AX  rise as much as 8.4% to A$4.900, on track for
their best session since Dec. 16 if gains hold 
    ** Says its first-half profit after tax attributable climbed
20.4% to A$16.3 mln ($11.78 mln) and declared an interim
dividend of 4.5 Australian cents per share   urn:newsml:reuters.com:*:nASX3D2cyV
    ** Expects underlying NPATA for FY22 to range from A$57 mln
to A$61 mln, higher than the previous guidance range of A$54 mln
to A$58 mln 
    ** Says first-half revenue rose 19.6% to A$118.9 mln 
    ** Stock hits highest since Jan 13 but is down 4.4% this
year, as of last close 


($1 = 1.3837 Australian dollars)

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))