Australia's SDI at 18-month high after results show rebound

SDI

20/08/2021 05:53

** Shares of dental materials maker  SDI.AX  up as much as
5% to A$1.05, their highest since Feb. 2020 
    ** Reports 111% surge in FY net profit after tax to A$8.9
mln ($6.36 mln), also 22% higher than pre-COVID levels 
    ** FY sales up 21.2% to A$81.6 mln
    ** Strong results driven by reopening of dentist offices and
pent-up demand
    ** Raises final dividend to 1.65 Australian cents per share
fully franked, up from last year's 0.50 Australian cents 
    ** Stock up 27% so far this year, as of Thursday's close 

($1 = 1.3996 Australian dollars)

 (Reporting by Harshita Swaminathan in Bengaluru)
 ((harshita.swaminathan@thomsonreuters.com))