Australia's Maggie Beer hits 3-1/2-yr high on turnaround to profit

Maggie Beer Holdings

16/02/2022 24:38

** Shares of Maggie Beer Holdings  MBH.AX  rise as much as
3.4% to A$0.610, their highest level since August 2018 
    ** The food and beverage co says first-half net profit after
tax was A$5.5 mln ($3.93 mln), versus a loss of A$0.4 mln a year
earlier   urn:newsml:reuters.com:*:nASX39nWnZ
    ** Says net sales for the interim period was up 133.8% at
A$64.5 mln and co on track to meet its revenue forecast of A$100
mln for FY22  
    ** Stock on track for biggest intraday percentage gain since
Feb 3 and on track for a second straight session of gains 
    ** Stock up ~9.3% this year, as of last close 

     ($1 = 1.3990 Australian dollars)

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))