BUZZ-Australia's MLG OZ falls on weak half-yearly profit

Reuters
02-18
BUZZ-Australia's MLG OZ falls on weak half-yearly profit

** Shares of integrated mining services co MLG OZ MLG.AX fall 14.5% to A$0.59

** Stock previously fell as much as 19.6% to A$0.555, their biggest intraday drop since early-June, 2021

** Co posts 42.7% drop in HY statutory NPAT to A$4.1 million ($2.60 million)

** Separately, co says it secured a A$75 million haulage contract with Westgold Resources WGX.AX

** Stock up 7.3% YTD, including day's moves

($1 = 1.5755 Australian dollars)

(Reporting by Himanshi Akhand in Bengaluru)

((Himanshi.Akhand@thomsonreuters.com;))

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