Shares of Bega Cheese (ASX:BGA) are poised for their best day since January 19, 2017, rising by as much as 14.4% to reach A$4.060.

The significant surge is a result of a robust half-year net profit report showing a striking 263% increase to A$26.5 million.

Bega Cheese also announced an interim dividend of 4 Australian cents per share.

The company’s shares have reached their highest level since January 19, 2023.

Approximately 1.5 million shares have been exchanged, compared to an average 30-day volume of 617,615 shares.

Should current gains hold, the company’s shares are on track to break a four-day losing streak.

Bega Cheese’s stock was up 0.3% year-to-date at the last close.

Bega Cheese is a leading Australian dairy company.