Reported 2 months ago
Challenger Ltd's shares surged to a 16-month high following the company's strong annual earnings report, which exceeded expectations, and a bright forecast for fiscal 2025. The firm reported a normalized net profit before tax of A$608 million for fiscal 2024, a 17% increase from the previous year, driven by a significant rise in annuity sales. Analysts are optimistic about Challenger's future performance as the company maintains robust capital levels and a solid growth outlook.
Source: YAHOO