Australia's McMillan Shakespeare hits over 1-year high on upbeat H1 forecast

McMillan Shakespeare

29/01/2021 02:32

** Shares of McMillan Shakespeare  MMS.AX  climb as much as
17% to A$13.5, their highest since Dec. 13, 2019 
    ** The financial services provider expects underlying net
profit after tax (UNPATA) for the first half of FY21 to be
A$42.7 mln ($32.72 mln), compared with UNPATA of A$37.8 mln that
it recorded a year earlier  urn:newsml:reuters.com:*:nASXc4xkMg
    ** Co says expected result includes a A$7.3 mln contribution
from the Australian Federal government's JobKeeper prgram
    ** Adds co benefited from a quicker than expected recovery
in novated lease sales, which is a key aspect of the co's
business
    ** Stock posts its biggest intraday pct gain March 20
    ** About 264,000 shares change hands, vs the 30-day average
volume of 153,000 shares
    ** Stock has fallen 6.9% this year, as of last close
    
  


($1 = 1.3050 Australian dollars)

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