Australia's Microequities Asset sees best day in 8 months on strong HY results

Microequities Asset Management

11/02/2022 02:07

** Shares of Microequities Asset Management Group  MAM.AX 
climb as much as 11.2% to A$0.945, biggest intraday jump since
May 31
    ** The investment funds management services provider posts https://www.asx.com.au/asxpdf/20220211/pdf/455w7psd01bxhn.pdf
 HY profit attributable of A$13.6 mln ($9.72 mln), up 184.1%
    ** Co declares fully-franked interim dividend of 6.0 AU
cents per ordinary share for year 
    ** Says strong performance for HY was driven by co's
investment performance, net inflows and expansion of its product
suite
    ** Stock hits highest level since Jan. 6
    ** More than 370,000 shares have changed hands, compared
with the 30-day average of about 58,000 shares 
    ** Stock down ~4.5% YTD as of last close 
    



($1 = 1.3988 Australian dollars)

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