Australia's MaxiPARTS rises to 1-1/2-month high on upbeat annual profit outlook
24/07/2026 05:56
BUZZ-Australia's MaxiPARTS rises to 1-1/2-month high on upbeat annual profit outlook ** Shares of MaxiPARTS MXI.AX rise as much as 6.9% to A$1.55, their highest level since June 2
** The vehicle parts distributor expects FY26 operating net profit before tax(before significant items) of A$14.2 million ($9.90 million), up 12% from a year before and above previous forecast range of A$13.4 million to A$14.1 million
** Co, however, expects FY26 revenue of A$274.4 million, up 3% from previous year and within previous forecast of A$273 million to $278 million
** About 231,846 shares change hands, 10.2x 30-day average
** YTD, stock down 31.9% this year, including the day's move
($1 = 1.4341 Australian dollars)
(Reporting by Sherin Sunny in Bengaluru)
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