BUZZ-Australia's Regal Partners falls on lower HY profit

Reuters
08/25
BUZZ-Australia's <a href="https://laohu8.com/S/RPL.AU">Regal Partners</a> falls on lower HY profit

** Shares of Regal Partners RPL.AX slips as much as 10.3% to A$2.710, their biggest intraday pct loss since April 9

** Stock hits its lowest since July 25

** Investment manager reports HY normalised net profit after tax attributable of A$44.8 mln ($29.05 mln), down 24% Y/Y

** Posts HY income from ordinary activities of A$128.7 mln, 9% lower Y/Y

** Declares interim dividend of 6 Australian cents per share, down from 8 Australian cents apiece declared last year

** Over 1.8 mln shares change hands, ~2x the 30-day avg

** Stock last down 2.7%, takes YTD losses to 21.6%

($1 = 1.5423 Australian dollars)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))

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