Australia's Mosaic Brands jumps most in 9 years on FY23 guidance

Mosaic Brands

21/07/2023 01:57

** Mosaic Brands Ltd's  MOZ.AX  shares rise as much as 81.3%
to A$0.290, posting their biggest intraday pct gain since June
4, 2014
    ** Fashion retailer sees EBITDA profit of A$17 mln ($11.51
mln) for FY23, compared with EBITDA loss of A$16 mln in prior
year
    ** Sees total sales of A$519 mln for FY23, up 6.2% on FY22 
    ** Co's shares hit highest level since Jan 25
    ** Shares down 42.9% YTD, as of last close 
   
($1 = 1.4773 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))