Australia's Sunland Group hits 14-1/2-year high on declaring special dividend

Sunland

06/07/2022 02:33

** Shares of residential property developer Sunland Group
 SDG.AX  climb as much as 9.9% to A$2.990, their highest since
Jan. 16, 2008
    ** Co declares a fully-franked special dividend of 30
Australian cents per share  urn:newsml:reuters.com:*:nASX1JckxP
    ** Says it is on target to achieve net profit after tax in
the range of A$92 mln to A$98 mln ($62.64 mln to $66.73 mln) for
FY22 
    ** Shares mark their biggest intraday pct gain since Oct.
23, 2020
    ** Volumes 1.6 times the 30-day average of 35,547 shares
    ** As of last close, stock down 1.1% this year


($1 = 1.4686 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))