BUZZ-Australia's Monadelphous hits record high on strong HY results

Reuters
Feb 24
BUZZ-Australia's Monadelphous hits record high on strong HY results

** Shares of Monadelphous Group MND.AX jump as much as 20.4% to record high of A$36.88

** Stock top gainer on benchmark S&P/ASX 200 .AXJO index; set for strongest intraday trading session since March 17, 2020

** Resources services provider reports record HY revenue of A$1.53 billion ($1.08 billion); 52.6% rise in HY NPAT to A$64.9 billion

** Declares interim dividend of 49 Australian cents per share

** Expects FY26 revenue to be 30% higher than prior year

** "We expect material positive revisions to consensus FY Core NPAT A$102 million at a similar level to EBITDA beat" - Jarden

** MND's HY EBITDA of A$116.2 million beats consensus estimate of A$103 million

** Including session's moves, stock up 33.2% YTD

($1 = 1.4168 Australian dollars)

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10