Australia's MLG OZ falls on weak half-yearly profit

MLG Oz

18/02/2025 24:58

** Shares of integrated mining services co MLG OZ  MLG.AX 
fall 14.5% to A$0.59
    ** Stock previously fell as much as 19.6% to A$0.555, their
biggest intraday drop since early-June, 2021
    ** Co posts 42.7% drop in HY statutory NPAT to A$4.1 million
($2.60 million)
    ** Separately, co says it secured a A$75 million haulage
contract with Westgold Resources  WGX.AX  
    ** Stock up 7.3% YTD, including day's moves


($1 = 1.5755 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))