Australia's WAM Global hits near 5-month high on upbeat HY results

Wam Global

08/02/2024 24:16

** Shares of WAM Global  WGB.AX  rise as much as 1% to
A$2.050, their highest level since Sept 18 
    ** The investment co posts 157.9% jump in HY net profit from
ordinary activities after income tax expense to A$26.5 mln 
($17.28 mln)
    ** Says HY revenue from ordinary activities up 126.8% to
A$25.7 mln 
    ** Declares interim dividend of 6 AU cents per share 
    ** Remains confident of long term growth prospects in its
investment portfolio 
    ** Stock on track to record a third consecutive session of
gains, if trend holds
    ** WGB stock up 1.8% this year as of last close 

($1 = 1.5337 Australian dollars)

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))