Star Entertainment shares rise after six-week trading suspension ends
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The news: Shares in Star Entertainment climbed after emerging from a six-week trading suspension following the release of the casino operator's delayed half-year report on Tuesday.
The numbers: Star shares were up 4.6% to 11.5 cents at midday AEST, having shed more than 70% over the last 12 months.
The context: The shares advanced even after the gambling group reported a first-half net loss of $302 million, swinging from a $9 million net profit in the prior corresponding period.
Star's shares have been suspended from trading since 3 March after the embattled casino operator failed to lodge its half-year financial report due to liquidity concerns.
