Business
Why the Challenger (ASX:CGF) share price is tumbling 6% lower today – The Motley Fool Australia
The Challenger Ltd (ASX:CGF) share price is tumbling lower on Tuesday following the release of its half year results…
The Challenger Ltd(ASX: CGF) share price has come under pressure following the release of its half year results.
In morning trade the annuities company’s shares are down 6% to $6.77.
How did Challenger perform in the first half?
For the six months ended 31 December, Challenger reported annuity sales of $2.2 billion and total life sales of $3.4 billion.
While this was a solid 12% and 10% increase, respectively, over the prior corresponding period and a mammoth 87% and 71% increase, respectively,…
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