Australia's Vicinity Centres hits 20-month high on HY profit

Vicinity Centres

16/02/2022 03:06

** Shares of mall operator Vicinity Centres  VCX.AX  jump as
much as 10.1% to A$1.85, their highest since June 10, 2020
    ** Co posts HY net profit from ordinary activities after tax
attributable of A$650.2 mln ($465.15 mln), compared to a A$394.1
mln loss a year earlier  urn:newsml:reuters.com:*:nASX2fY5gM
    ** Posts 0.1% dip in HY revenue to A$581.5 mln
    ** Co declares an interim distribution of 4.7 Australian
cents per share 
    ** Shares mark their sharpest intraday percentage gain since
Nov. 10, 2020
    ** As of last close, stock down 0.6% this year

($1 = 1.3978 Australian dollars)

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