Australia's Mader Group rises on robust quarterly performance

Mader

31/10/2023 24:09

** Shares of Mader Group  MAD.AX  rise as much as 3.1% to
A$6.31, hitting their highest since Oct 19 
    ** Specialist technical services provider reports 8% rise in
quarterly operating profit to A$23.8 mln ($15.15 mln), 37% rise
in revenue to A$185.1 mln 
    ** Reaffirms FY24 revenue guidance of at least A$770 mln and
net profit after tax of at least A$50 mln
    ** Shares rise for a fourth straight session 
    ** Stock up 68.6% this year, as of last close

($1 = 1.5708 Australian dollars)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))