New Zealand's My Food Bag Group rises on upbeat annual outlook

My Food Bag

17/03/2026 02:49

** Shares of My Food Bag Group MFB.NZ rise as much as 17.5% to NZ$0.235, their highest level since February 26

** Stock set for its strongest session since August 19, 2024, if current trends hold

** The online food delivery firm expects full-year net profit after tax of NZ$6.4 million to NZ$6.8 million ($3.75 million to $3.98 million) versus NZ$6.3 million in FY25

** Second-half revenue is forecast to be up 6.0% on a half-on-half comparative basis, adds company

** About 147,691 shares change hands, 1.5x 30-day average

** Stock down 6.1% this year, including the day's move

($1 = 1.7088 New Zealand dollars)

 (Reporting by Sherin Sunny in Bengaluru)

 ((Sherin.Sunny@thomsonreuters.com))