Australia's Microequities Asset Management Group gains on FY earnings

Microequities Asset Management

16/08/2024 05:34

** Shares of Microequities Asset Management Group  MAM.AX 
rise as much as 3.6% to A$0.575, their highest since June 12
    ** Asset manager says FY profit attributable up 5.8% to A$6
mln ($3.97 mln)
    ** Says FY revenue from ordinary activities up 11.8% to
A$11.5 mln
    ** About 59,400 shares change hands by 0429 GMT, 1.3 times
the 30-day average volume 
    ** Stock up 1.8% this year, as of last close

($1 = 1.5106 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))