** Shares of Magellan Financial Group MFG.AX fall 10.5% to A$9.040
** Stock hits their lowest level since early July 2024
** The asset manager reports HY net profit after tax of A$94 million ($59.58 million), down 10% from last year
** Co also declares an interim dividend of 26.4 Australian cents per share, compared with 29.4 cents last year
** MFG also announces Sophia Rahmani as the CEO and managing director and Dean McGuire as CFO
** Stock has lost 18.8% YTD, including current session's moves
($1 = 1.5778 Australian dollars)
(Reporting by Manasi Dasa in Bengaluru)
((Manasi.DasaSundeep@thomsonreuters.com;))
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