Australia's Investsmart hits more than 1-month high on Q4 results

InvestSMART

12/07/2024 04:46

** Shares of Investsmart  INV.AX  rise as much as 23.8% to
A$0.130, their highest since June 3 
    ** Stock posts its biggest intraday pct gain since Feb. 20
    ** Digital wealth adviser says total funds under management
as of June 30 were A$611 mln ($413.22 mln) vs A$533 mln a year
ago 
    ** Says quarterly operating profit A$168,546, compared to a
loss of A$159,199 in the March quarter
    ** Stock had fallen nearly 35% this year, as of last close

($1 = 1.4786 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))