Australia's Maggie Beer eyes best day in over a week on strong Q1

Maggie Beer Holdings

09/11/2021 24:05

** Shares of Maggie Beer Holdings Ltd  MBH.AX  rise as much
as 3.5% to A$0.44, their biggest intraday pct gain since Nov. 1
    ** The food and beverage company's group net sales rose
84.1% in Q1 FY22 from a year earlier  urn:newsml:reuters.com:*:nASX7J2DXx
    ** Says on track to achieve its targets of A$100 mln 
($73.98 mln) in revenue and between A$13.5 mln-A$15.5 mln of
trading EBITDA for FY22
    ** About 330k shares change hands, vs the 30-day average
volume of 113k 
    ** MBH stock down 12.5% this year, as of last close


($1 = 1.3517 Australian dollars)

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))