Australia's Mader Group jumps on strong quarterly results

Mader

25/07/2023 05:12

** Shares of Mader Group Ltd  MAD.AX  rise as much as 5% to
A$6.1 - set to mark best day since July 14, if gains hold 
    ** Specialist technical services provider posts revenue of
A$172.9 mln ($116.97 mln) in Q4, an increase of 46% versus prior
corresponding period
    ** Records qtrly EBITDA of A$23.5 mln vs A$15.1 mln a year
earlier 
    ** Nearly 126,550 shares change hands, vs the 30-day average
volume of 99,944 shares
    ** Stock up 60.1% this year, as of last close

($1 = 1.4782 Australian dollars)

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))