Monadelphous Forecasts Better-Than-Expected Fiscal H1 Profit; Shares Hit New 52-Week High

MT Newswires Live

2025/01/24

Monadelphous Group (ASX:MND) said that its profit after tax for the six months ended Dec. 31, 2024, is expected to exceed consensus estimates, according to a Friday filing with the Australian bourse.

Draft results indicate a favorable AU$7 million after-tax variance in non-operating items and improved operating margins, the filing said.

The company now expects after-tax profit to be in the range of AU$40 million to AU$43 million, subject to finalization and auditor review.

Shares of the company rose past 5% in recent Friday trade and earlier hit a new 52-week high.

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