Australia's Sunland Group hits near 13-year high on strong HY results

Sunland

25/02/2021 01:14

** Shares of residential property developer  SDG.AX  rise as
much as 6.1% to A$2.62, highest since May 21, 2008
    ** Co's HY profit rises 85.5% to A$17.4 mln, HY revenue more
than trebles to A$201.4 mln due to more development activity
 urn:newsml:reuters.com:*:nASX5WxXD9
    ** SDG declares interim and special dividends totalling 30
Australian cents per share
    ** Stock posts its biggest intraday pct. gain since Oct. 23,
2020
    ** About 103,150 shares change hands, compared with the
30-day average volume of ~69,100 
    ** Stock up 1.65% this year, as of last close
    
    

 (Reporting by Nikhil Subba in Bengaluru)
 ((Nikhil.Subba.thomsonreuters.com@reuters.net))