MAG Magmatic Resources

EQS-News: Magmatic Resources says impressive new results demonstrate Corvette growth potential

EQS-News: Magmatic Resources Ltd
Magmatic Resources says impressive new results demonstrate Corvette growth potential

29.11.2022 / 19:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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News Source: News Direct

29.11.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Magmatic Resources Ltd
United States
ISIN: AU000000MAG5
EQS News ID: 1501065

 
End of News EQS News Service

1501065  29.11.2022 CET/CEST

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29/11/2022

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Magnum (MAG MK) - 2Q25: Low Prize Payout Lifted Earnings; Raised Divid...

2Q25: Low Prize Payout Lifted Earnings; Raised Dividends Payout Magnum’s 2Q25 results were above expectations. Gaming revenue declined as ticket sales normalised from prolonged 4D jackpot run in 1Q25. Nevertheless, core profit improved meaningfully, thanks to exceptionally low prize payout and reduced interest expenses. Magnum remains appealing for its lush dividend yield and potential U-Mobile monetisation. Retain BUY with higher target price of RM1.68.

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