Australia's MAAS Group slumps to over 1-year low on downbeat HY results

MAAS group

20/02/2025 24:58

** Shares of MAAS Group  MGH.AX  fall 14.5% to A$3.660,
their lowest levels since January 19, 2024
    ** The construction service provider reports HY net profit
after tax of A$32.2 million ($20.45 million), down 16% from last
year
    ** Co also declares an interim dividend of 3.5 Australian
cents per share vs 3 Australian cents last year
    ** About 1.5 million shares change hands, 4.5 times the
30-day average of 343,120
    ** Stock fell 23.2% YTD, including current session's moves


    ($1 = 1.5748 Australian dollars)

 (Reporting by Manasi Dasa in Bengaluru)
 ((Manasi.DasaSundeep@thomsonreuters.com;))