Aussie mining services firm Macmahon gains on higher HY profit

Macmahon Holdings

20/02/2024 04:36

** Shares of Macmahon Holdings  MAH.AX  rise as much as 5.3%
to A$0.20, their highest since Jan. 17
    ** Mining services co posts HY profit after tax attributable
of A$36.5 million ($23.83 million), up 57% from previous year
    ** However, co reports HY revenue from ordinary activities
of A$966.3 million, down 2.12% from previous year
    ** About 3.1 mln shares change hands by 0428 GMT, 2.3x the
30-day average volume of shares
    ** Stock has risen 2.7% this year, as of last close 


($1 = 1.5314 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))