BUZZ-Australia's Temple & Webster hits record high on solid HY result

Reuters
02-13
BUZZ-Australia's Temple & Webster hits record high on solid HY result

** Shares of Temple & Webster Group TPW.AX rise as much a 17.5% to their all-time high of A$16.780

** The online furniture retailer posts two-fold rise in HY NPAT to A$9 million ($5.65 million), 73% over consensus estimates

** Company beats HY EBITDA margin expectations, meets revenue estimates

** Result indicates the company can hold growth sustainably while pursuing a lift in margins — Citi

** Stock is a top gainer on ASX All Ordinaries index .AORD

** Stock was up 9% YTD, as of last close

($1 = 1.5931 Australian dollars)

(Reporting by Himanshi Akhand in Bengaluru)

((Himanshi.Akhand@thomsonreuters.com))

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