Australia's Mader Group hits three-month high on quarterly results, annual forecast

Mader

27/07/2022 02:33

** Shares of maintenance services provider Mader Group Ltd
 MAD.AX  rise as much as 5.9% to A$3.07, hit their highest since
April 26
    ** Co posts quarterly EBITDA of A$15.1 mln ($10.50 mln),
compared with A$11.5 mln last year  urn:newsml:reuters.com:*:nASX2bH13F
    ** Reaffirms that FY22 net profit after tax will exceed at
least A$25 mln
    ** Stock marks best intraday session since July 18 
    ** More than 87,000 shares change hands, compared with the
30-day average volume of about 37,000 shares
    ** Stock up 17.4% this year, as of last close

    ($1 = 1.4386 Australian dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))