Australia's MAAS Group hits over 2-month high on strong FY results

MAAS group

17/08/2023 05:25

** Shares of MAAS Group Holdings  MGH.AX  jump as much as
10.1% to A$3.150, their highest since June 8
    ** Construction services provider reports 6% jump in FY23
statutory NPAT to A$65.5 mln ($41.83 mln)
    ** Stock posts its biggest intraday pct gain since Aug 1
    ** Co expects FY24 trading to remain broadly consistent with
2H23 run rate on annualised basis
    ** Stock had risen 7.5% this year, as of last close

($1 = 1.5657 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((Shivangi.Lahiri@thomsonreuters.com;))