Australia's Shaver Shop Group rises on higher FY profit

Shaver Shop

22/08/2023 06:21

** Shares of Shaver Shop Group  SSG.AX  rise as much as 4.1%
to A$1.145, their highest level since Aug. 14
    ** Stock last up 3.6%, set for best day since July 14, if
gains hold
    ** Personal care products manufacturer reports FY NPAT of
A$16.8 mln ($10.8 mln), up 0.8% from last year
    ** Co declares fully franked final dividend of 5.5
Australian cents per share
    ** Co, however, flags total sales for period from July 1 to
Aug 19 are down 5.1% vs prior corresponding period
    ** Stock has fallen 5.6% so far this year, as of last close

($1 = 1.5571 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((Shivangi.Lahiri@thomsonreuters.com;))