Business
Here’s why the Clearview Wealth (ASX:CVW) share price rose 3% today
The Clearview Wealth Ltd (ASX: CVW) share price has had a strong day today, rising 3.26% to close at 48 cents a share. That looks especially strong when you consider the S&P/ASX 200 Index (ASX: XJO) actually fell 0.9% today, meaning Clearview outperformed the broader market by 4.16%.
The catalyst for Clearview’s outperformance appears to be its earnings report for the first half of the 2021 financial year (1H21) that was released to the markets this morning before open. The period covers the 6 months to 31 December 2020.
What did Clearview report this morning?
Clearview reported that gross income came in at $155.9 million for the period. That was a 4% improvement on the $149.7 million from the prior corresponding period (1H20)….
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