Macmahon's (ASX:MAH) Macmahon Underground subsidiary secured a 12‑month contract extension with a Black Cat Syndicate (ASX:BC8) unit for underground mining services at the Majestic Mine in Western Australia, according to a Wednesday filing with the Australian bourse.
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Nufarm Posts Higher Fiscal H1 Earnings, Revenue Slips
Nufarm (ASX:NUF) reported Wednesday fiscal first-half earnings of AU$0.108 per share excluding material items, up from AU$0.071 a year earlier.Analysts polled by FactSet expected earnings of AU$0.10.Revenue for the six months ended March 31 was AU$1.71 billion, compared with AU$1.81 billion a year earlier. Analysts surveyed by FactSet expected AU$1.84 billion.
$ASX:NUF
Asia
KMD Brands Posts 5.2% Rise in Q3 Sales, Launches Business Review
KMD Brands (ASX:KMD) reported a 5.2% jump in third-quarter sales, helped by strength in its flagship Kathmandu segment, even as its footwear business Oboz saw a decline amid geopolitical and market tensions, according to a Wednesday filing with the Australian bourse.The sports company saw a 12% rise in its outdoor clothing brand Kathmandu in the three months ended April 26, despite a net reduction of seven stores year-on-year, as demand grew for its improved product lines in Australia and New Zealand.Meanwhile, Oboz had nearly a 9% decline in the quarter, held back by shipment timing. Sales are expected to return to growth in the fourth quarter on the back of new product launches and online growth.The company is on track to deliver NZ$27.5 million in cost savings in fiscal 2026. However, volatility in global currencies is set to impact its underlying operating expenses, it added.Its board is also conducting a business review to improve shareholder returns. The review, expected to complete on or before its annual results in September, will assess its capital structure, portfolio mix and other value-creation opportunities.
$ASX:KMD$NZE:KMD
Asia
Beijing DeepZero Technology Raises HK$465 Million in Hong Kong IPO Ahead of Debut
Beijing DeepZero Technology (HKG:2723) raised HK$465.1 million in net proceeds from its initial public offering in Hong Kong.The final offer price was set at HK$55.50 per H-share, the top end of the offer price range, according to a Tuesday after-market filing with the Hong Kong Stock Exchange.The Chinese AI-driven marketing technology company offered 9.1 million shares in the global offering.The Hong Kong public offer was 5,480.23 times subscribed, with a final allocation of 906,800 shares, representing 10% of the total offering.The international offering was 3.41 times subscribed, with a final allocation of 8.2 million shares, or 90% of the total offering.DeepZero Technology is set to debut on the Hong Kong bourse on Wednesday, May 27.
$HKG:2723