Australia's Mayfield Group rises on securing $22.5 million in orders

Mayfield group

07/05/2026 04:50

** Shares of Australia's Mayfield Group MYG.AX rise as much as 7.2% to A$2.52, biggest intraday pct gain since April 29

** Electrical and telecom equipment provider secures new orders worth A$31 million ($22.45 million) since March quarter

** "Work in hand has grown from A$104 million in July to A$151 million as at May,  The order book supports our revenue expectations for FY2027," says Andrew Rowe, Group CEO

** Despite moves, stock down 19.1%

($1 = 1.3810 Australian dollars)

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))