BUZZ-Australia's Deterra Royalties loses most in 5 months on downbeat HY results

Reuters
02-18
BUZZ-Australia's Deterra Royalties loses most in 5 months on downbeat HY results

** Shares of Australia's Deterra Royalties DRR.AX fall as much as 5.7% to A$4.010, their biggest intraday pct drop since September 2024

** Stock at its lowest level since February 3

** The diversified resource asset manager reports HY net profit after tax of A$63.9 million ($40.56 million), down 19% from previous year

** Co also declares interim dividend of 9 Australian cents per share, compared with 14.89 cents last year

** DRR stock up 11% YTD, including current session's moves

($1 = 1.5755 Australian dollars)

(Reporting by Manasi Dasa Sundeep in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))

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