Australia's Mirvac jumps most in 16 months as half-year loss narrows

Mirvac

07/02/2024 23:43

** Shares of Mirvac Group  MGR.AX  rise as much as 6.1% to
A$2.27, set for their biggest jump since Oct 4, 2022, if current
trend holds 
    ** The property investment firm posts HY loss attributable
A$201 million ($131.13 million) vs loss of A$215 million last yr
    ** HY total revenue and other income is A$1.26 billion, up
from A$855 million last yr 
    ** Reaffirms guidance of operating earnings per security of
14-14.3 AU cents in FY24
    ** Stock hits highest level since Sept 18
    ** Stock up 2.4% this year as of last close



($1 = 1.5328 Australian dollars)

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))