BUZZ-Australia's Solvar jumps most in over 18 months on stronger half-year profit

Reuters
25 Feb
BUZZ-Australia's Solvar jumps most in over 18 months on stronger half-year profit

** Shares of Solvar SVR.AX rise as much as 9.6% to A$1.490, their biggest intraday gain since August 2023, last up 8.1%

** The consumer and commercial finance co's half-year normalised net profit after tax (NPAT) went up by 26.9% to A$18.5 million ($11.73 million), driven by increased interest income

** Reiterates its FY25 guidance of normalised NPAT of A$34 million

** Shares down 1.3% YTD

($1 = 1.5773 Australian dollars)

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com;))

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