Australia's MLG OZ sees best day since debut as profit doubles

MLG Oz

25/08/2021 06:54

** Shares of mining services provider  MLG.AX  climb as much
as 16.3% to A$0.93, posting their best intraday performance
since the May 4 debut on ASX
    ** MLG says FY NPAT more than doubled to A$12.5 mln ($9.1
mln)  urn:newsml:reuters.com:*:nFWN2PV0JA
    ** Declares final dividend of A$0.0171/share and says
industry is experiencing high demand
    ** Expects recent contract wins with Northern Star Resources
Ltd  NST.AX  and Norton Gold Mining to contribute to H1 FY22
    ** More than 326,100 shares change hands, twice the 30-day
avg volume of about 139,200 shares
    ** Stock down 36.8% this year, as of last close

($1 = 1.3803 Australian dollars)

 (Reporting by Aneetta Thomas in Bengaluru)
 ((Aneetta.Thomas@thomsonreuters.com;))