Australia's Microequities Asset Management falls on weak HY earnings

Microequities Asset Management

10/02/2023 24:29

** Shares of Microequities Asset Management  MAM.AX  fall as
much as 3% to A$0.650, hitting their lowest since Oct. 21 
    ** The investment manager posts a near 79% drop in its net
profit attributable for the half-year at A$3.2 million ($2.22
million), declares interim dividend of 1.8 AU cents per share 
 urn:newsml:reuters.com:*:nFWN34P3KU
    ** Also reports about a 73% drop in HY revenue at A$5.1
million
    ** Shares sees worst day since Feb. 6 
    ** Stock has fallen ~1.5% this year, as of last close
($1 = 1.4424 Australian dollars)
 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))