Australia's Mosaic Brands leaps on sharp earnings, sales jump

Mosaic Brands

24/01/2023 23:36

** Shares of Australia's Mosaic Brands  MOZ.AX  rise as much
as 19.3% to A$0.34, set to gain most since Oct. 13
    ** The Australia-based fashion retailer plans to open up to
130 new stores in the next 12 months
    ** Posts first-half group EBITDA of about A$15.8, a jump of
195% as compared to the previous corresponding period
    ** First-half total sales were up 23%
    ** MOZ hits highest since November 2022
    ** Stock fell 54.5% in 2022
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))