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Australia's Dick Smith jumps 11.3 pct after strong maiden net profit
August 19, 2014 / 12:20 AM / 3 years ago

Australia's Dick Smith jumps 11.3 pct after strong maiden net profit

SYDNEY, Aug 19 (Reuters) - Shares in Australia’s Dick Smith Holdings Ltd jumped as much as 11.3 percent to 3-1/2 month highs on Tuesday after the company beat its prospectus with a strong maiden net profit of A$19.8 million.

The electronics retailer debuted on the stock exchange in December after a $315 million public offering generated solid demand.

Shares in the company were up 10.3 percent to A$2.20 by 0012 GMT. (Reporting by Thuy Ong; Editing by Paul Tait)

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