Australia's Mader Group hits near two-week high on strong HY results
28/02/2022 03:39
** Shares of Mader Group Ltd MAD.AX gains as much as 6.8%
to A$2.36, their highest since Feb 17
** The business support services provider posts a 39%
increase in its HY net profit to A$12.1 mln ($8.68 mln)
urn:newsml:reuters.com:*:nFWN2V10HC
** Adds that its HY revenue grew 31% to A$185.2 mln and
declared an interim dividend of 2 cents per share
** Co says its revenue rose due to sustained demand and
continuation of expansion of services globally
** Stock sees best day since Feb 17 and rises for second
straight session
** Stock has fallen 10.9% this on a YTD basis as of last
close
($1 = 1.3935 Australian dollars)
(Reporting by Archishma Iyer)
((Archishma.Iyer@thomsonreuters.com;))