Australia's Ridley eyes best day in almost a decade on improved outlook

Ridley

16/02/2023 24:44

** Shares of Australia's Ridley Corporation Ltd  RIC.AX 
rise as much as 14.6% to A$2.2 - set to mark best day since May
6, 2013 if gains hold
    ** Stock hits highest level since Oct 24, 2022  
    ** Animal feed producer says second-half earnings (EBITDA
before significant items) are expected to improve on previous
corresponding period 
    ** CO posts HY revenue from ordinary activities of A$637.9
mln ($440.60 mln), up 25.4% 
    ** HY net profit after tax from ordinary activities
attributable A$21.0 mln, down 7.2%   
    ** Stock had fallen 1.3% this year, as of last close
($1 = 1.4478 Australian dollars)
 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))