Australia's Mader Group hits record high on positive Q1 results
25/10/2022 01:40
** Shares of Australia's Mader Group MAD.AX rise as much
as 3.22% to A$3.53, hitting their record high
** The maintenance service provider announces operational
update for the first quarter of fiscal 2023 and updates FY23
guidance urn:newsml:reuters.com:*:nASX9wNRGl
** Co posts total revenue of A$135.3 million ($85.62
million) for the first quarter as compared to A$91.1 mln, a year
ago
** Posts EBITDA of A$15.8 mln for the quarter, compared with
A$10.8 mln for the same period a year ago
** Says revenue for FY23 is now forecast to be atleast A$550
mln and sees NPAT of atleast A$35.5 mln for FY23
** Stock has risen 38.5% this year as of last close
($1 = 1.5803 Australian dollars)
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))