BUZZ-Australia's WAM Active climbs to four-month high on upbeat HY performance

Reuters
02-18
BUZZ-Australia's WAM Active climbs to four-month high on upbeat HY performance

** Shares of WAM Active WAA.AX rise 2.3% to A$0.905, their highest since October 10, 2024

** The investment firm logs HY net profit from ordinary activities after income tax of A$5.4 mln ($3.43 mln), compared with A$4 mln last year

** Declares interim dividend of 3 AU cents per share

** Says outperformance of investment portfolio, which increased 32.5% in calendar year 2024, contributed to an increase in profit

** More than 113,000 shares change hands, 2.8 times the 30-day avg

** Stock up ~9.8% YTD, including current session's moves

($1 = 1.5753 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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