Australia's Metro Mining rises on annual profit surge

Metro Mining

29/08/2025 06:21

** Shares of Metro Mining MMI.AX advances 5.4% to A$0.078

** Stock set for its biggest intraday pct gain since August 21, 2025

** Bauxite explorer posts HY underlying profit before tax from ordinary activities of A$49.3 mln ($32.04 mln), up 250% YoY

** Reports HY rev from ordinary activities of A$145 mln, 78% higher than last year

** Stock is up 9.9% so far in August, on track for its best August since 2010

** YTD, stock has gained 30%

($1 = 1.5389 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))