BUZZ-Australia's Dalrymple Bay Infrastructure hits record high on upbeat FY results

Reuters
02-25
BUZZ-Australia's Dalrymple Bay Infrastructure hits record high on upbeat FY results

** Shares of Dalrymple Bay Infrastructure DBI.AX rise 3.2% to A$3.860

** Stock rose as much as 6.5% to a record high of A$3.982 earlier in the day

** The infrastructure co reports FY net profit attributable of A$81.8 million ($51.85 million), up 10.6% y/y

** DBI also raises its distribution outlook to 23 Australian cents per share for 2024-2025, compared with previously declared 23 Australian cents

** About 348,588 shares change hands, 1.1 times the 30-day average of 307,872

** Stock up 6.9% YTD, including current session's moves

($1 = 1.5775 Australian dollars)

(Reporting by Manasi Dasa in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))

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