Australia's Ridley Corp hits 6-week high on robust earnings

Ridley

17/02/2022 24:40

** Shares of Ridley Corp  RIC.AX  rise as much as 5.6% to
A$1.600, their highest since Jan. 6 
    ** The animal nutrition solutions provider posts a
first-half net profit after tax attributable of A$22.6 mln
($16.29 mln), up from A$11.6 mln a year earlier   urn:newsml:reuters.com:*:nASX6HjPFl
    ** Co declares an interim dividend of 3.4 Australian cents
per share; first-half revenue rose 3.5% to A$470.2 mln 
    ** Stock chases best session since Feb. 7 and on track for a
second consecutive session of gain 
    ** RIC up 1.3% this year, as of last close 

($1 = 1.3872 Australian dollars)

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