Australia's Melbana Energy falls after swinging to loss

Melbana Energy

07/03/2024 02:58

** Shares of Melbana Energy  MAY.AX  fall as much as 3.2% to
A$0.060
    ** The oil and gas explorer swings to loss in its
half-yearly results 
    ** Co reports a Y/Y loss after tax attributable of A$703,315
 ($461,656), compared with a profit of A$403,754 
    ** Adds, other income falls to A$1 million from A$2.6
million a year earlier
    ** Stock on track for its worst week since Feb. 16, if trend
holds
    ** Stock down over 17% this year, as of last close

($1 = 1.5235 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))