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

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

** 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))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10