BUZZ-Australia's Pinnacle Investment hits record high on upbeat HY results

Reuters

2025/02/05

** Shares of Pinnacle Investment Management PNI.AX rise 5.2% to A$26.46

** Stock earlier hit a record high of A$27.110

** Investment manager, after trading on Tuesday reported half-year profit attributable of A$75.7 million ($47.34 million), 151% rise against pcp

** Co announces interim dividend of 33 Australian cents per share

** Stock rose as much as 7.7% earlier in the day, marking its biggest intraday gain since Feb. 2, 2024

** Stock up over 15% so far this year, including the day's move

($1 = 1.5992 Australian dollars)

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))

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