Australia's Mount Gibson Iron falls on first-half loss

MGX Resources

23/02/2022 24:39

** Shares of Mount Gibson Iron  MGX.AX  fall as much as 8.1%
to A$0.510 - stock to mark worst day since Feb 15 if losses hold
    ** Iron ore producer posts first-half net loss after tax
attributable of A$65.6 mln ($47.42 mln), compared to a profit of
A$74.5 mln a year earlier  urn:newsml:reuters.com:*:nASX6LvNvY
    ** Says revenue down 89% to A$28.8 mln 
    ** MGX hits lowest since Feb 16 and down for a second
straight session 
    ** Stock up ~30.65 this year, as of last close 
    
($1 = 1.3835 Australian dollars)

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))