BUZZ-Australia's MAAS Group slumps to over 1-year low on downbeat HY results

Reuters
02-20
BUZZ-Australia's MAAS Group slumps to over 1-year low on downbeat HY results

** Shares of MAAS Group MGH.AX fall 14.5% to A$3.660, their lowest levels since January 19, 2024

** The construction service provider reports HY net profit after tax of A$32.2 million ($20.45 million), down 16% from last year

** Co also declares an interim dividend of 3.5 Australian cents per share vs 3 Australian cents last year

** About 1.5 million shares change hands, 4.5 times the 30-day average of 343,120

** Stock fell 23.2% YTD, including current session's moves

($1 = 1.5748 Australian dollars)

(Reporting by Manasi Dasa in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))

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