Australia's Maggie Beer dips on bleak second-half outlook, higher costs

Maggie Beer Holdings

28/06/2024 04:03

** Shares of premium food producer Maggie Beer Holdings
 MBH.AX  dip as much as 7.5% to A$0.062, their lowest since June
21 
    ** Sees H2 gross margin to be marginally lower than a year
ago due to inventory provisions
    ** Says Paris Creek Farms sales trading EBITDA for H2 will
be adverse to year ago due to lower volumes
    ** Says H2 FY24 trading group EBITDA to be below last year 
    ** Stock down 29.5% this year as of last close, vs a 2.2%
increase in the benchmark S&P/ASX 200 index  .AXJO  


 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))