Australia's MAAS Group slumps most in over 8 months; profit misses estimate

MAAS group

15/02/2024 01:32

** Australian construction materials firm MAAS Group
Holdings  MGH.AX  fall as much as 8.6% to A$3.810, their worst
intraday loss since June 9 last year
    ** MGH at its lowest level since Jan. 24
    ** More than 725,000 shares change hands, vs the 30-day
average of 236,203 shares
    ** Says HY underlying NPAT up 52% to A$38.5 mln ($24.97
mln), 1% below Visible Alpha consensus estimates
    ** Expects FY24 underlying EBITDA between A$190 mln and
A$210 mln, vs A$163.1 mln logged a year ago
    ** MGH up 6.9% this year as of last close


($1 = 1.5420 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))