Australia's HGL rises as investment co posts first-half profit

Schoolblazer

26/05/2021 06:53

** Investment company HGL Ltd  HNG.AX  gains as much as 4.3%
to A$0.245
    ** Co posts net profit attributable of A$10.2 mln ($7.95
mln) in HY21 vs loss of A$10.5 mln in HY20, due to unrealised
valuation gains of A$8.8 mln  urn:newsml:reuters.com:*:nASX53KnNh
    ** Stock posts biggest intraday percentage gain since May 18
    ** HNG up 27% this year, as of last close
       


($1 = 1.2835 Australian dollars)

 (Reporting by Aditya Munjuluru in Bengaluru)
 ((aditya.srivastsav@thomsonreuters.com))