BUZZ-Australia's Bega Cheese hits near 4-year high on bigger HY profit

Reuters
02-20
BUZZ-Australia's Bega Cheese hits near 4-year high on bigger HY profit

** Shares of Bega Cheese BGA.AX jump 2.4% to A$6.11, their highest level since June 28, 2021

** Dairy firm reports HY profit after tax of A$30.2 mln ($19.2 mln), up from A$26.5 mln a year ago, and a 3% rise in HY revenue

** Stock up for a sixth consecutive session

** Stock rose as much as 5.5% earlier in the day, its biggest intraday gain since August 30, 2024

** BGA up 6.4% YTD

($1 = 1.5746 Australian dollars)

(Reporting by Adwitiya Srivastava in Bengaluru)

((Adwitiya.Srivastava@thomsonreuters.com))

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