In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a strong gain. At the time of writing, the benchmark index is up 1.45% to 7,314.6 points.
Four ASX shares that are rising more than most today are listed below. Here's why they are racing higher:
Brambles Limited (ASX: BXB)
The Brambles share price is up almost 7% to $15.12. This follows the release of the supply chain solutions company's FY 2023 results. Brambles reported a 10% increase in revenue to US$6,076.8 million and a 19% lift in profit after tax to US$703.3 million. This allowed the Brambles board to increase its dividend by 15% to 26.25 US cents per share.
Healius Ltd (ASX: HLS)
The Healius share price is up 6% to $2.87. Investors have been buying this healthcare company's shares after it released its full-year results. This is despite the company reporting a $367.8 million loss after tax for the 12 months. This was due largely to a non-cash impairment charge of $349.8 million relating to the Pathology division. On an underlying basis, Healius' profit came in at $25.7 million, which was down 91.6% year on year.
Piedmont Lithium Inc (ASX: PLL)
The Piedmont Lithium share price is up 5% to 69.5 cents. This follows news that the company has received a US$31.6 million partial prepayment for a shipment of 15,000 dry metric tonnes of lithium concentrate. The shipment will be made in September.
Tyro Payments Ltd (ASX: TYR)
The Tyro share price is up 9% to $1.41. This morning, analysts at Morgans responded to the company's FY 2023 results release by retaining their add rating and lifting their price target to $1.85. Morgans notes that the mid-point of Tyro's FY 2024 EBITDA guidance (A$55m) was 14% above consensus estimates.
