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Challenger Limited ( (AU:CGF) ) has issued an update.
Challenger Limited reported a 4.4% increase in revenue to $1,569.3 million and a 28.2% rise in net profit attributable to equity holders to $72.2 million for the six months ending December 2024. The company’s normalised net profit after tax, a preferred measure, grew by 12.2% to $225.2 million. An interim dividend of 14.5 cents per share was declared, fully franked, marking an 11.5% increase from the previous period. The Board will continue the Dividend Reinvestment Plan, issuing new shares without discount. These results indicate strong financial performance, potentially enhancing Challenger’s market positioning and providing positive implications for stakeholders.
More about Challenger Limited
Challenger Limited operates in the financial services industry, focusing on providing annuities and other retirement income products. The company is involved in investment management and has various joint ventures with investment management firms.
YTD Price Performance: 3.34%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $2.68B
For detailed information about CGF stock, go to TipRanks’ Stock Analysis page.
