Australia's Sunland Group hits near 14-year high on robust profit forecast

Sunland

21/12/2021 23:55

** Shares of Sunland Group  SDG.AX  rise as much as 2.8% to
A$2.900, their highest since February 2008 
    ** Residential property developer anticipates first-half
profit after tax of A$33 mln ($23.58 mln). It had reported a
profit after tax of A$17.4 mln for the year-ago period 
 urn:newsml:reuters.com:*:nASXgJ8LB
    ** Co declares a fully franked special dividend of 10
Australian cents per share, which will be paid on Jan. 13, 2022 
    ** Stock on track for biggest intraday percentage gain since
Nov. 23 
    ** Stock up 34% this year, as of last close 
    
($1 = 1.3994 Australian dollars)

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))