BUZZ-Australia's WT Financial hits over 3-year high on upbeat first-half forecast

Reuters
2025/02/04
BUZZ-Australia's WT Financial hits over 3-year high on upbeat first-half forecast

** Shares of WT Financial Group WTL.AX rise 8.7% to A$0.125, their highest level since mid-September 2021

** Financial advisory firm WTL says it expects 1H25 revenue and other income for its underlying business to grow 33.5% to A$106.3 million ($66.11 million)

** Says 1H25 pre-tax profit is expected to grow ~36% to A$2.45 million

** Expects to declare interim dividend of 20 Australian cents per share

** WTL up 27.8% this year, including the day's move

($1 = 1.6080 Australian dollars)

(Reporting by Sameer Manekar in Bengaluru)

((Sameer.Manekar@thomsonreuters.com))

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