Bega Cheese share price rockets 7% on increased dividend
Image source: Getty Images
The Bega Cheese Ltd (ASX: BGA) share price is rocketing today after the company reported its latest earnings covering the full 20204 financial year.
Bega Cheese shares closed at $4.26 each yesterday and opened at $4.25 each this morning. But since then, this ASX 200 consumer staples stock has rocketed up to $4.56 a share (at the time of writing), a giant leap worth 7.04%.
Bega Cheese share price gains 7% on solid full-year results
This morning, Bega Cheese reported the following for its FY2024:
- Net revenues of $3.5 billion, up 4% year-on-year
- Statutory earnings before interest, tax, depreciation and amortisation (EBITDA) of $165.1 million, up 15%
- Normalised EBITDA of $164.1 million, up 2%
- Statutory profit…
