The S&P/ASX 200 Index (ASX: XJO) is on course to end the week with a small gain. In afternoon trade, the benchmark index is up 0.2% to 7,301.6 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are rising:
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Accent Group Ltd (ASX: AX1)
The Accent share price is up 6.5% to $2.28. Investors have been buying this fashion and footwear retailer's shares following the release of a stellar half-year update. Accent reported a 39% increase in sales and a 290% jump in net profit after tax to $170.2 million. Another positive was that Accent increased its interim dividend by 380% to a fully franked 12 cents per share.
Brambles Limited (ASX: BXB)
The Brambles share price is up 8% to $13.00. This follows the release of the logistics solutions company's half-year results. Brambles reported a 7% increase in sales revenue and a 9% lift in profit after tax. Looking ahead, management has upgraded its FY 2023 guidance. It now expects revenue growth of between 12% to 14% and underlying profit growth of between 15% to 18%.
Infomedia Limited (ASX: IFM)
The Infomedia share price is up 11% to $1.31. Investors have been buying this automotive industry software provider's shares after it delivered a solid half-year result. Infomedia reported a 6.7% increase in revenue to $62.9 million and a 38.5% jump in net profit after tax to $4.8 million.
Pilbara Minerals Ltd (ASX: PLS)
The Pilbara Minerals share price is up 3.5% to $4.63. This has been driven by the release of the lithium miner's half-year results. Pilbara Minerals posted a 647% increase in revenue to $2.18 billion and a 989% increase in profit after tax to $1.24 billion. This allowed the company to declare its inaugural 11 cents per share fully franked interim dividend.
