BUZZ-Australia's Jumbo Interactive hits more than 21-month high on strong HY results

Reuters02-23

** Shares of Jumbo Interactive rise as much as 8.4% to A$17.39, their highest since May 5, 2022

** Digital lottery co reports 14.5% rise in HY underlying net profit after tax to A$20.8 mln ($13.65 million); declares interim dividend of 27 AU cents per share

** Co reaffirms FY24 underlying EBITDA margin to be in range of 48% to 50%

** Shares see best day since Jan 19 - if current trend holds

** Stock had risen ~15.3% this year, as of last close

($1 = 1.5242 Australian dollars)

(Reporting by Archishma Iyer)

((Archishma.Iyer@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment