BUZZ-Australia's Bega Cheese hits near 4-year high on bigger HY profit

Reuters
20 Feb
BUZZ-Australia's Bega Cheese hits near 4-year high on bigger HY profit

** Shares of Bega Cheese BGA.AX jump 2.4% to A$6.11, their highest level since June 28, 2021

** Dairy firm reports HY profit after tax of A$30.2 mln ($19.2 mln), up from A$26.5 mln a year ago, and a 3% rise in HY revenue

** Stock up for a sixth consecutive session

** Stock rose as much as 5.5% earlier in the day, its biggest intraday gain since August 30, 2024

** BGA up 6.4% YTD

($1 = 1.5746 Australian dollars)

(Reporting by Adwitiya Srivastava in Bengaluru)

((Adwitiya.Srivastava@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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10