Australia's Dyno Nobel rises on divestment, share buyback, HY profit rise

Ridley

12/05/2025 02:09

** Dyno Nobel DNL.AX rises as much as 2.5% to A$2.635, highest since March 28

** Ridley RIC.AX to buy mining service provider's fertiliser distribution business for A$300 mln ($192.7 mln)

** Dyno Nobel to resume its A$900 on-market share buyback program on May 13

** Posts 105% y/y jump in HY net profit attributable at A$7.4 million

** YTD, DNL falls 10.4%; RIC down 13.7%

($1 = A$1.5569)

 (Reporting by Nichiket  Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com;))