Australia's Select Harvests gains most in 2-1/2 years on strong interim profit

Select Harvests

28/05/2026 01:57

** Shares of Australia's Select Harvests SHV.AX rise as much as 14.1% to A$4.13, their biggest intraday pct gain since Jan 31, 2024
** Stock touches its highest level since April 8
** The almond grower posts HY26 underlying net profit after tax (NPAT) of A$29.1 million ($20.76 million), up from A$21.9 million, last year
** However, company logs HY26 revenue of A$59 million, down from A$104.5 million a year ago
** Flags revenue impacted due to weather impacts and lower crop production
** Declares interim dividend of 3.5 AU cents/share
** Company also announces on-market share buy-back of up to 10% of its issued capital
** Despite moves, stock down 18.2%, YTD

($1 = 1.4017 Australian dollars)

 (Reporting by Aamir Sheik Khalid in Bengaluru)
 ((Aamir.SheikKhalid@thomsonreuters.com))