Australia's Ridley Corp hits record high on upbeat results, share buyback

Ridley

18/08/2022 06:23

** Shares of animal feed producer Ridley Corp Ltd  RIC.AX 
climb as much as 7.7% to an all-time high of A$1.970
    ** Co posts 70.4% increase in FY net profit attributable to
A$42.4 mln ($29.37 mln)  urn:newsml:reuters.com:*:nASXc68bKT
    ** FY revenue up 13.1% at A$1.05 bln, co declares final
dividend of 4 Australian cents per share
    ** Co also announces A$20 mln on-market share buyback
 urn:newsml:reuters.com:*:nASX5QJ3XY
    ** About 5.1 mln shares change hands, 4.9 times the 30-day
average of 1 mln shares
    ** As of last close, stock up 22.4% this year

($1 = 1.4434 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))