BUZZ-Australia's WAM Microcap hits over 2-year high after posting higher FY results

Reuters
Aug 25
BUZZ-Australia's <a href="https://laohu8.com/S/WMI.AU">WAM Microcap</a> hits over 2-year high after posting higher FY results

** Shares of WAM Microcap WMI.AX rise as much as 3.1% to A$1.645, their highest level mid-April, 2023

** Stock marks its biggest intra-day pct gain since August 15

** Investment co reports 27.4% rise in full-year net profit after tax at A$43.6 million ($28.24 million)

** FY revenue from ordinary activities up 20.9% y/y at A$69.4 mln

** Declares final dividend of 5.3 Australian cents per share, payable on October 29

** Including current session's move, stock up 12% YTD

($1 = 1.5442 Australian dollars)

(Reporting by Ananya Verma in Bengaluru)

((ananya.verma@thomsonreuters.com;))

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