Why Bega Cheese, Clinuvel, Dusk, and Omni Bridgeway shares are rocketing today

These shares are standing out with strong gains on Thursday. But why?

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a decline. At the time of writing, the benchmark index is down 0.5% to 8,032.3 points.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:

Bega Cheese Ltd (ASX: BGA)

The Bega Cheese share price is up 6% to $4.52. This has been driven by the release of the diversified food company's full year results this morning. Bega Cheese reported a 4% increase in revenue to $3.5 billion, a 15% lift in EBITDA to $165.1 million, and a profit after tax of $30.5 million. The latter is up from a $229.9 million loss a year earlier. Looking ahead, the company expects normalised EBITDA in the range of $190 million to $200 million in FY 2025. This represents growth of 15%+ year on year.

Clinuvel Pharmaceuticals Limited (ASX: CUV)

The Clinuvel share price is up 11% to $15.45. This morning, this pharmaceutical company released its FY 2024 results and revealed a 15% jump in revenue to $95.3 million and a 16% increase in net profit after tax to $35.6 million. This strong performance was driven primarily by increased demand for its drug Scenesse. Clinuvel's chief financial officer, Peter Vaughan, commented: "Key financial metrics—including revenue, profit, investment, and asset growth—continue to show consistent year-on-year increases whilst expanding the ability to provide SCENESSE treatment to an increasing number of patients."

Dusk Group Ltd (ASX: DSK)

The Dusk share price is up 16% to $1.05. Investors have been buying this specialist retailer's shares today despite the release of an disappointing full year result. Dusk reported a 7.9% decline in sales to $126.7 million and a 62% reduction in pro forma EBIT to $6.2 million. However, a strong start to FY 2025 appears to have caught the eye of investors. Management revealed that total sales are up 16% and like for like sales are up 12.1% during the first 8 weeks of FY 2025.

Omni Bridgeway Ltd (ASX: OBL)

The Omni Bridgeway share price is up almost 11% to 93 cents. This morning, this litigation funder released its FY 2024 results. It reported a 10% decline in total gross income and revenue to $277 million but a massive jump in profits. The company's net profit after tax was $30.5 million, up from $0.9 million a year earlier. No dividends were declared for FY 2024.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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