Australia's McMillan Shakespeare leaps on first-half results beat

McMillan Shakespeare

22/02/2023 01:59

** Shares of Australia's McMillan Shakespeare  MMS.AX  rise
as much as 5.2% to A$13.65, set to gain most since Nov 30
    ** The leasing services provider reports 18.1% jump in
Statutory NPAT to A$35.5 ($24.30 million) for the first half of
fiscal 2023
    ** Co expects majority of trading environment during the
rest of the fiscal year to remain similar to that of the first
half
    ** Analysts at Citi say that first half normalised revenue
and normalised UNPATA both beat market brokerage's and Visible
Aplha Consensus
    ** Citi expects revenue estimates for the company to improve
on the back of strong performance within Asset Management
business in Australia-NZ
    ** Stock has fallen 3.5% this year as of last close 
($1 = 1.4607 Australian dollars)
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))