BUZZ-Australia's Monadelphous jumps to 1-yr high on upbeat profit forecast

Reuters

01-24

BUZZ-Australia's Monadelphous jumps to 1-yr high on upbeat profit forecast

** Shares of Monadelphous MND.AX rise 5.7% to A$14.855, highest since early Jan 2024

** The engineering firm expects its HY profit after tax to be higher than consensus estimates

** Stock was flat before the news; had fallen earlier in the day

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com;))

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