BUZZ-Australia's Generation Development jumps on upbeat HY results

Reuters
28 Feb
BUZZ-Australia's Generation Development jumps on upbeat HY results

** Shares of Generation Development Group GDG.AX rise 4.7% to A$5.17

** Stock rose as much as 5.9% to A$5.23 earlier in the session, its largest intraday pct jump since Feb. 12

** Pooled development fund firm logs HY net profit attributable A$78.9 mln ($49.01 mln) vs A$4.4 mln in the same period last year

** More than 1 mln shares change hands vs 30-day avg volume of 977,000 shares

** Stock up 45.5% YTD, including current session's moves

($1 = 1.6098 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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