NZ's Radius Residential Care jumps on upbeat FY results, outlook

Radius Residential Care

22/04/2024 03:28

** Shares of Radius Residential Care  RAD.NZ  jump as much
as 5.3% to NZ$0.120, their biggest intraday pct gain since April
2 
    ** The specialised aged-care services provider posts FY
EBITDA of NZ$21 mln ($12.44 mln), up 48% y/y
    ** Co posts adjusted funds from operations of NZ$7.5 mln, up
89% 
    ** Declares cash dividend of 0.7 NZ cents per share
    ** Says co expects continued growth in underlying EBITDA and
other metrics in FY25 vs FY24 
    ** Shares hit their highest level since April 15 
    ** About 598,624 shares exchange hands vs the 30-day average
of 65,480 shares
    ** Stock down 19.7% YTD, as of last close 

   ($1 = 1.6878 New Zealand dollars)

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))