Australia's Eumundi Group rises on positive HY outlook

Eumundi

31/01/2022 04:01

** Shares of Eumundi Group Ltd  EBG.AX  rise as much as 5%
to A$1.05, set to gain the most since Nov. 17 
    ** Hotel and investment property operations co says it
expects to report a first-half profit before tax in the range of
A$4.5 mln ($3.15 mln) to A$4.7 mln  urn:newsml:reuters.com:*:nASN0022SX
    ** Co sees HY net profit from operation before tax between
A$1.7 mln to A$1.9 mln, compared to A$1.4 mln a year earlier
    ** As of last close, stock down 5.7% this year

($1 = 1.4273 Australian dollars)

 (Reporting by Navya Mittal)
 ((Navya.Mittal@thomsonreuters.com;))