BUZZ-Australia's Argo Investments rises on higher half-year profit, dividend

Reuters
Feb 09
BUZZ-Australia's Argo Investments rises on higher half-year profit, dividend

** Shares of Argo Investments ARG.AX advance as much as 1.1% to A$9.120, their biggest intraday pct gain since January 13

** The investment firm posts half-year profit of A$130.8 million ($91.87 million), up from A$121.2 million a year earlier

** Co declares a fully franked interim dividend of 18.5 Australian cents per share vs 17 cents last year

** Stock down 0.1%, YTD

($1 = 1.4237 Australian dollars)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))

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