Australia's Mirvac Group falls most in 2 months on bleak HY results

Mirvac

09/02/2023 02:48

** Shares of Mirvac Group  MGR.AX  fall as much as 4.2% to
A$2.300, posting their biggest intraday pct drop since Dec 2,
2022
    ** Real estate firm posts HY profit attributable of A$215
mln ($149.40 mln) vs A$565 mln a year earlier
    ** HY total revenue and other income A$855 mln vs A$1,654
mln
    ** Co declares interim distribution of 5.2 AU cents per
security 
    ** Reaffirms distribution per security of at least 10.5 AU
cents for FY23, down from 5.1 AU cents per security last year 
    ** Shares touch their lowest level since Feb 2
    ** Stock had risen 12.7% YTD, as of last close 
($1 = 1.4391 Australian dollars)
 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))