BUZZ-Australia's Clover Corp soars on strong half-year results

Reuters
Yesterday
BUZZ-Australia's Clover Corp soars on strong half-year results

** Shares of Clover Corp CLV.AX rise 18.3% to A$0.42, their highest level since March 7

** Tech firm says its HY net profit after tax reached A$2.4 mln ($1.53 mln), a turnaround from a loss of A$0.6 mln last year

** Co reports a 38% rise in HY revenue and declares an interim dividend of 0.75 Australian cents

** Stock rose as much as 26.7% earlier in the day, marking its biggest intraday gain since Sept. 24, 2024

** CLV down 7.3% YTD

($1 = 1.5721 Australian dollars)

(Reporting by Adwitiya Srivastava in Bengaluru)

((Adwitiya.Srivastava@thomsonreuters.com))

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