Australia's MLG Oz surges to near five-year high on profit boost

MLG Oz

17/02/2026 01:22

** Shares of MLG Oz MLG.AX  rise as much as 12% to A$1.12, their highest level since June 4, 2021
** Mining service co posts HY Statutory Net Profit After Tax (NPAT) of A$7.1 million ($5.02 million), up 73.2%
** Sees second-half performance to be broadly in line with the first half

** YTD, shares up 21.3%

($1 = 1.4142 Australian dollars)

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))