Australia's Microequities Asset Management Group rises on FY results

Microequities Asset Management

12/08/2022 04:07

** Shares of Microequities Asset Management Group  MAM.AX 
rise as much as 2.6% to A$0.79, their highest since May 6
    ** Investment funds management services provider posts a
0.7% rise to A$14.1 mln ($10.01 mln) in full-year earnings 
    ** Co says FY revenue jumped 18.5% to A$24 mln 
    ** Stock posts its biggest intraday percentage gain since
Aug. 5
    ** Stock down 13.5% this year, as of last close 

($1 = 1.4085 Australian dollars)

 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))