Australia's Microequities Asset rises on upbeat HY results

Microequities Asset Management

05/01/2022 01:06

** Shares of Microequities Asset Management Group Ltd
 MAM.AX  rise as much as 4.4% to A$0.940, their highest since
Dec 15 
    ** The investment funds management services provider says
its H1 FY22 operating profit from investment management was
about A$16.5 mln ($11.94 mln), as compared with A$5.4 mln in H1
FY21
    ** Also says it posted operating profit from investment
management of about A$1.7 mln for December
    ** Adds continued strong investment performance,
particularly in MAM's flagship Deep Value Fund drove a "strong"
operational result for December
    ** Volumes are nearly thrice their 30-day avg of about
45,000 shares
    ** Stock up ~78% in 2021
    
    ($1 = 1.3814 Australian dollars)

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))