Connect with us


Maggie Beer (ASX:MBH) share price surges on 20% sales growth



The Maggie Beer Holdings Ltd (ASX: MBH) share price is surging today, despite a sagging S&P/ASX 200 Index (ASX: XJO). At the time of writing, Maggie Beer shares are up 3.53% to 44 cents a share, contrasting nicely against the ASX 200’s 0.9% drop.

The catalyst for today’s moves is (of course) the company’s earnings report for the first half of the 2021 financial year (1H21).

What did Maggie Beer report this morning?

Maggie Beer holdings has reported that net sales grew by 19.7% in 1H21 to $27.6 million, up from the prior corresponding period (1H20)’s $23.05 million.

That helped push gross profits up to $12.83 million, up 14.5% on 1H20’s $11.2 million. It was a different story for net profits after tax (NPAT) though. Maggie…

Click here to view the original article.

Continue Reading

You might also like ...

These were the best performing ASX 200 shares last week 6 March 2021
4 ways to make your money work harder in 2021