Business
Fleetwood (ASX:FWD) share price soars 10% following half-year results announcement
The Fleetwood Corporation Limited (ASX: FWD) share price is soaring following the release of its preliminary half-year results for FY21.
Today, the Fleetwood share price reached a 52 week high of $2.48. However, some profit taking has led its shares to slightly retreat to (at the time of writing) to $2.45, up 25%.
So, what did the company announce to cause the Fleetwood share price to push higher?
Performance update
In today’s release, the company highlighted that for the period ending December 31, it has continued its strong cash generation.
Preliminary results for the H1 FY21 term indicated Fleetwood has performed above expectations due to the impact caused by COVID-19.
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