Australia's McGrath eyes best day in 2 weeks on upbeat outlook

Mcgrath

19/11/2021 03:30

** Shares of McGrath Ltd  MEA.AX  climb as much as 5.4% to
A$0.68, marking their biggest intraday percentage gain since
Nov. 4 
    ** The real estate firm says it expects H1 underlying FY22
EBITDA to be in the range of A$10 mln ($7.27 mln) to A$11 mln
 urn:newsml:reuters.com:*:nASXbzcxXq
    ** Says expected forecast for underlying EBITDA represents
an increase of 60%, compared with the first half of prior year 
    ** Co says increase in forecast due to robust results
achieved in FY21 
    ** Adds that underlying EBITDA increased by A$14 mln to A$17
mln for FY21 
    ** Shares hit highest since Nov. 12 
    ** Stock has risen 35.8% this year, as of last close

($1 = 1.3748 Australian dollars)

 (Reporting by Roushni Nair in Bangalore.)
 ((Roushni.Nair@thomsonreuters.com))