BUZZ-Australia's Capral climbs to 15-year high on share buyback programme

Reuters
02-26
BUZZ-Australia's Capral climbs to 15-year high on share buyback programme

** Shares of Capral CAA.AX rise 9% to A$10.55, their highest levels since December 8, 2009

** The aluminium products manufacturer starts an on-market share buyback programme for the purchase of up to 10% of its issued shares

** Says share buybacks will form a major portion of value returned to co's shareholders

** Co also logs FY24 NPAT of A$32.5 million ($20.57 million), compared with A$31.8 million last year

** Stock rose as much as 9.3% in early trade

** More than 48,000 shares change hands, 7.2 times the 30-day avg

** Capral stock up 6% YTD, including current session's moves

($1 = 1.5803 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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